Month: June 2023

Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked

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Union Minister for Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya addresses a press conference on Cabinet Decisions, in New Delhi on June 28, 2023. | Photo Credit: PTI The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth)…

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Govt. hikes sugarcane FRP by ₹10/quintal to ₹315/quintal for 2023-24 season

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In the current 2022-23 marketing year, about 3,353 lakh tonnes of sugarcane worth ₹1,11,366 crore has been purchased by sugar mills. Representational file image. | Photo Credit: R.V. MOORTHY The Centre on June 28 announced a ₹10 per quintal hike in sugarcane FRP, which is the minimum price that mills have to pay to sugarcane…

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Explained | What is the dispute about sugar subsidies at WTO?

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The story so far: News agency Press Trust of India (PTI) learnt from sources that India is in negotiations with Brazil to resolve a long-standing dispute about sugar at the World Trade Organisation (WTO). The Ministry of Commerce and Industry is also coordinating with the concerned departments to arrive at possible alternatives. The same approach…

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Walmart helps link 8 lakh producers to markets; farm groups sceptical

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TechnoServe, a non-profit organisation that operates in 30 countries, began its association with coffee farmers in the Araku Valley in Andhra Pradesh about six years ago. Their intervention helped farmers create and manage Farmer Producer Organisations (FPOs). Through eight such FPOs, the organisation claims, the farmers’ revenues have increased by over 500%. Similarly, Digital Green,…

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Food Corporation of India not to consider request by States for more foodgrains under open market scheme

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A Food Corporation of India warehouse. File | Photo Credit: The Hindu As Opposition-ruled State governments such as Karnataka and Tamil Nadu criticised the Centre’s decision to restrict the supply of foodgrains through the Open Market Sale Scheme (Domestic) to 100 metric tonnes (MT), the Food Corporation of India (FCI) made it clear on June…

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Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation

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Under the scheme, the Karnataka Government has promised to provide 10 kg of food grains/rice to every member of a Below Poverty Line (BPL) household and Antyodaya card holders every month.  | Photo Credit: K.R. Deepak Amid a political slugfest over the discontinuation of the sale of rice and wheat from the Central pool to…

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Explained | Why did the government impose a ceiling on wheat stocks?

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A labourer piles up wheat grain at a grain market, in Gurugram on April 23. | Photo Credit: PTI The story so far: On June 12, in a move endeavouring to manage the “overall food security and to prevent hoarding and unscrupulous speculation”, the Union Government imposed limits on stock of wheat that can be…

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Three States rebuff GM regulator’s directive to test transgenic cotton

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Transgenic cotton is the only GM crop which has been approved and is currently being cultivated in farmer’s fields in India. File | Photo Credit: K. Ananthan Three states, Gujarat, Maharashtra and Telangana, have rebuffed a proposal, approved by the Centre’s Genetic Engineering Appraisal Committee (GEAC), to test a new kind of transgenic cotton seed….

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Congress claims MSP hike only on paper, accuses Modi govt. of betraying farmers

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Congress leader Randeep Singh Surjewala with party Secretary Vineet Punia addresses a press conference, at the party headquarters, in New Delhi on Thursday. | Photo Credit: ANI The Congress on Thursday claimed that the Narendra Modi government merely announced minimum support price (MSP) for farmers but never procured their produce at those rates. Addressing a…

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‘Crop shortages could quicken inflation following MSP hikes’ 

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“In case of any shortfall in production of any crop, prices can increase at a faster rate and add to inflation.” | Photo Credit: MOHD ARIF The inflationary impact of the 5%–11% increase in the minimum support price (MSP) for farm produce will be an additional factor for the RBI’s Monetary Policy Committee (MPC) to…

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