Category: Business

Business

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

Posted on By admin
Walmart helps link 8 lakh producers to markets; farm groups sceptical

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,…

Read More “Walmart helps link 8 lakh producers to markets; farm groups sceptical” »

Business

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

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

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…

Read More “Food Corporation of India not to consider request by States for more foodgrains under open market scheme” »

Business

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

Posted on By admin
Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation

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…

Read More “Centre says stoppage of rice and wheat supply to States is aimed at controlling inflation” »

Business

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

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

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…

Read More “Explained | Why did the government impose a ceiling on wheat stocks?” »

Business

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

Posted on By admin
Three States rebuff GM regulator’s directive to test transgenic cotton

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….

Read More “Three States rebuff GM regulator’s directive to test transgenic cotton” »

Business

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

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

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…

Read More “Congress claims MSP hike only on paper, accuses Modi govt. of betraying farmers” »

Business

‘Crop shortages could quicken inflation following MSP hikes’ 

Posted on By admin
‘Crop shortages could quicken inflation following MSP hikes’ 

“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…

Read More “‘Crop shortages could quicken inflation following MSP hikes’ ” »

Business

Uttar Pradesh Government launches Nand Baba Milk Mission scheme

Posted on By admin
Uttar Pradesh Government launches Nand Baba Milk Mission scheme

The scheme has been implemented to provide milk producers the facility of selling their milk at a reasonable price in villages through dairy co-operative societies. File (representational image) | Photo Credit: The Hindu As of June 7, in a bid to make Uttar Pradesh a leading State in the field of milk development and milk production,…

Read More “Uttar Pradesh Government launches Nand Baba Milk Mission scheme” »

Business

World’s largest grain storage plan: Centre to implement pilot project in 10 districts

Posted on By admin
World’s largest grain storage plan: Centre to implement pilot project in 10 districts

Farmers could sell their crops to Primary Agricultural Credit Societies by receiving some advance payment at the Minimum Support Price. File | Photo Credit: The Hindu The Union Cabinet on Wednesday approved the constitution and empowerment of an Inter-Ministerial Committee (IMC) for facilitation of the “world’s largest grain storage plan in cooperative sector” by convergence of various…

Read More “World’s largest grain storage plan: Centre to implement pilot project in 10 districts” »

Business