Category: Business

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Three multi-State societies to procure and distribute seeds

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Cooperation Minister Amit Shah says the societies will help protect indigenous natural seeds from extinction. File | Photo Credit: The Hindu The Union Cabinet has approved the setting up of three national-level multi-State cooperative societies to act as an apex body for procurement, processing, marketing and distribution of seeds. Union Home and Cooperation Minister Amit…

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Mutual fund industry AUM rises 5.7% in 2022: Amfi

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Representative image. | Photo Credit: Getty Images The mutual fund industry added ₹2.2 lakh crore to its asset base in 2022, driven by consistent monthly increase in SIP (Systematic Investment Plan) flows. The Assets Under Management (AUM) of the mutual fund industry rose by 5.7%, or ₹2.2 lakh crore, to a total of ₹39.88 lakh…

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Activists allege regulatory lapses in approving GM mustard

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Women carry fodder for their cattle through a mustard field on the outskirts of Srinagar. File | Photo Credit: Reuters The Coalition for a GM-Free India, a platform that’s fighting a case in the Supreme Court against the trials of genetically modified mustard, released a report in New Delhi on Friday to showcase at least…

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On the trail of the traditional Kalabhat paddy

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Kalabhat, a traditional paddy crop at a field near Sithayankottai village in Dindigul district. | Photo Credit: G. Karthikeyan Surrounded by lush green paddy fields in the foothills of Pandrimalai lies Sithayyankottai in Dindigul district. In this fertile region, is a three-acre farm that for four years has been producing ‘kalabhat’, a traditional paddy. Among…

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Centre signs pact with Pune-based IVBP for commercial production of ‘Lumpi-ProVac’

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The government on Saturday said it had signed a pact with Pune-based Institute of Veterinary Biological Products (IVBP) for commercial production of indigenously developed vaccine ‘Lumpi-ProVac’ for the control of lumpy skin disease in cattle. The vaccine has been developed by Haryana-based National Centre for Veterinary Type Culture and ICAR-National Research Centre on Equines in…

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Centre rules out an increase in MSP for cotton, but farmers seek more

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The MSP for medium staple cotton for 2022-23 kharif season is ₹6,080. | Photo Credit: Nagara Gopal While cotton farmers in several States have demanded an increase in the minimum support price (MSP) of the crop, the Centre has said that it is “watching” the cotton production scenario and decide accordingly. A senior official of…

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GM crops | Supreme Court worried over effect on livelihood of women farm labourers

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Advocate Prashant Bhushan, for activist Aruna Rodrigues, submitted that India has 5,477 varieties of mustard, which would be at risk. File | Photo Credit: Vijay Soneji The Supreme Court on Wednesday expressed concern about the plight of thousands of women agricultural labourers in rural areas, traditionally engaged in de-weeding, who will be part of the human…

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India has enough fertilizer stock to meet rabi requirement: Centre

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As the sowing for rabi season is at its peak, the demand for fertilizers will also increase. The country needs 650 lakh metric tonnes (LMT) of fertilizers every year, almost two LMT per day. However, during the peak of the season, it will go up to four LMT per day. Union Fertilizers Secretary Arun Singhal…

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Ready to make changes to Pradhan Mantri Fasal Bima Yojana, says Centre

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Image for representation. | Photo Credit: N. Bashkaran The Centre on Thursday said it is open to taking “pro-farmer changes” in the Pradhan Mantri Fasal Bima Yojana (PMFBY) to meet the challenges of recent climate crisis and rapid technological advances. Manoj Ahuja, Secretary of Agriculture and Farmers Welfare, said the Centre has taken major revamp…

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67% drop in PM-Kisan payout in 3 years: RTI reply

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File. | Photo Credit: Reuters The number of farmers who received the 11th instalment of funds from the Prime Minister’s Kisan Samman Nidhi (PM-KISAN) has fallen by 67%, according to the Agriculture Ministry’s response to a Right to Information query from activist Kanhaiya Kumar. PM-KISAN is a flagship Central scheme launched in 2019 to pay…

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