FARM SECTOR
What is the H5N1 virus that is growingly rapidly? Here is everything you need to know
H5N1 which is also known as the bird flu is growing rapidly in the US and in other parts of the world. Though there are no human-to-human transmission cases, it is known to infect human beings who are in contact with the infected animals. It causes massive economic and biodiversity loss.
Italian PM Giorgia Meloni pays homage to Indian farm worker Satnam Singh in parliamentary address
Italian Prime Minister Giorgia Meloni recently honoured Satnam Singh, an Indian farm worker who tragically passed away after his employer abandoned him on the roadside following a severe injury. "These are inhumane acts that do not belong to the Italian people. I hope that this barbarity will be punished harshly," said Meloni.
Farm loan waivers to negatively impact banks' asset quality: Macquarie
Macquarie Capital warned that farm loan waivers could negatively impact banks' asset quality, particularly for public sector banks. States like Telangana, Jharkhand, and Punjab are either implementing or considering such waivers. Macquarie's Suresh Ganapathy highlighted that these waivers create moral hazards and deteriorate credit culture, as even reliable farmers might start defaulting.
Indian farm labourers march to end 'slavery' after worker death shakes Italy
Thousands of Indian farm laborers in Italy demand an end to "slavery" after the tragic death of Satnam Singh, who lost his arm in a work accident. Exploitation of undocumented migrants in agriculture sector sparks outrage and calls for justice and better working conditions.
Climate-proofing India's daily bread: The race for resilient wheat
Satveer Singh's family relies on a sack of wheat flour to stave off hunger. They barely manage, aided by government rations, despite irregular supply. Extreme weather has slashed India's wheat production, forcing the government to cut rations and halt exports. Efforts are underway to develop climate-resilient wheat varieties, crucial for food security.
Budget expectation of farm sector: Spotlight on agri research, fertiliser subsidy, climate fight in meeting with FM
Budget 2024 expectations: Experts at the meeting advocated for the consolidation of all agriculture-related subsidies for transfer through Direct Benefit Transfer (DBT) and proposed a hike in the retail price of urea, unchanged since 2018. They also emphasized promoting bio-fertilisers and foliar fertilisers through subsidies.
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Farm startups bent on shaking up Cargill, ADM are stumbling
Startups in the agriculture sector, like Indigo Ag Inc., Gro Intelligence, and Farmers Edge Inc., are facing challenges as they struggle to disrupt traditional giants.
Shivraj Singh Chouhan chalks out 100-day plan to revive agriculture sector
Union Agriculture Minister Shivraj Singh Chouhan has discussed a 100-day action plan to strengthen the agriculture sector and alleviate farmer distress. The plan aims to ensure quality inputs are available to farmers, boost farm production, and enhance export quality. Chouhan stressed the importance of providing farmers with access to high-quality seeds, fertilizers, and other essential inputs to improve crop yields and economic conditions.
PM Modi shows rural bent, OKs ₹20kcr for PM Kisan Nidhi Scheme
The Prime Minister approved the 17th instalment of the PM Kisan Nidhi Scheme, benefiting 93 million farmers with around ₹20,000 crore. This move is seen as a boost to rural demand and consumer stocks. The new coalition government is expected to focus more on rural welfare, signaling a shift towards consumption-focused policies. Rural markets have shown growth, outpacing urban markets for the first time in five quarters, indicating a positive trend for the FMCG sector. The PM emphasized the government's commitment to farmer welfare and agriculture.
Fund released for farmers was due month ago, PM Modi did no special favour to them: Congress
Congress criticizes PM Modi for delayed release of PM-Kisan Samman Nidhi fund, calling it farmers' legitimate entitlement. Demand for legal MSP, farm loan waiver to benefit farmers.
Fund released for farmers was due month ago, PM Modi did no special favour to them: Congress
Taking charge as prime minister in his third term, Modi on Monday signed his first file authorising the release of the 17th instalment of the PM-Kisan Samman Nidhi fund, amounting to nearly Rs 20,000 crore that will benefit around 9.3 crore farmers.
Crisis in the fields: Experts say long-term solutions only way for agriculture sector to survive heatwave
Heatwaves in north India are impacting agriculture, causing heat stress in crops and reducing yields.
₹1 investment in agri R&D can fetch ₹13 return, says NAAS chief
The NAAS president, Himanshu Pathak, stresses the urgent need to revamp India's agricultural research and education system to address challenges like high costs, low productivity, and climate change impacts. Highlighting significant returns on research investments, he calls for a shift towards globally competitive and sustainable farming, emphasizing the importance of innovation and collaboration to achieve these goals.
Mahindra sales rise 17 pc in May at 71,682 units
Mahindra & Mahindra witnessed a 17% year-on-year increase in total wholesales, reaching 71,682 units in May. Domestic passenger vehicle sales surged 31% to 43,218 units, while exports rose 2% to 2,671 units. The Farm Equipment Sector reported a 9% rise in total tractor sales, attributing the growth to timely monsoons and favorable agricultural sentiments.
India's plan of becoming the fastest-growing G20 nation may hinge on the weather
India's precarious balance between human ingenuity and environmental fragility is under threat as record-breaking temperatures and extreme weather events amplify the challenges faced by its vast population. The path to prosperity is hindered by climate change, highlighting the urgent need for sustainable solutions to secure India's future.
Chicken prices rise by 25% as heat wave cuts poultry production
Chicken prices have risen by over 25% in south and east India due to intense heat waves, water scarcity, and bird mortality. Demand remains high with increased money circulation during the elections, affecting prices across regions.
Normal southwest monsoon augurs well for food production, easing price pressures, says FinMin in monthly review
In its review, the Finance Ministry also reiterated its faith in India's ability to deal with adverse pressures from geopolitical tensions, while continuing to make progress on its growth numbers. "The positive indications in the farm sector should help India firewall against any adverse pressures that may arise from geopolitical tensions and global commodity prices," the review from the Finance Ministry said.
Escorts Kubota Q4 Results: Net profit rises on lower costs
The domestic tractor sector saw a decline in volumes in the quarter, as agricultural income was hit by patchy monsoon rains and falling reservoir levels, analysts said.
How AI and data can bring another green revolution in India
India faces environmental challenges in agriculture, but AI offers transformative solutions. Precision farming, empowered by AI and big data, optimizes resources and boosts yields sustainably. With satellite data and predictive analytics, farmers make informed decisions. AI aids resource management and environmental conservation, but widespread adoption requires collaboration. Farmers' active engagement with data transforms them from beneficiaries to contributors, ensuring a sustainable agricultural future driven by technology.
Above-normal Southwest monsoon chances bring hope for India's agricultural sector: Geojit report
Multiple meteorological organisations are predicting above-normal rainfall during this year's southwest monsoon season in the Indian subcontinent. The India Meteorological Department (IMD) forecasts the total rainfall from June to September to be 106% of the long-period average. Last year's southwest monsoon ended with a 6% deficit due to El Nino, causing variations in rainfall distribution. Some regions experienced shortages while others, like West Rajasthan and Saurashtra-Kutch, received ample rainfall. However, 7 subdivisions, including Nagaland, Manipur, Mizoram, and Tripura, experienced deficient rainfall.
Mahindra sales up 13% in April at 70,471 units
Mahindra & Mahindra reported a 13% increase in total wholesales to 70,471 units in April 2023, with total dispatches to dealers at 62,294 units. Domestic passenger vehicle sales rose 18% to 41,008 units, while exports increased by 2% to 1,857 units. Tractor sales also rose by 2% to 37,039 units. The company's President, Farm Equipment Sector, attributed the growth to government wheat procurement and above-normal monsoon rains.
View: Congress manifesto anchored in realities of present, unlike BJP's
The past decade has seen divisive forces exploiting religious sentiments to damage India's culture of tolerance and inclusion. Institutions the founding fathers of the republic created to protect the nascent democracy have been subverted, while government agencies have been let loose on the opposition.
Forecast of good monsoon brightens farm prospects
The India Meteorological Department (IMD) has predicted "above-normal" monsoon rains at 106% of the long-period average in 2024, raising hopes in the farm sector after erratic weather last year clipped the summer harvest.
India has robust regulatory, safety framework for seafood units: Commerce min
MPEDA also enrols aquafarms to bolster the traceability system of aquaculture products and adhere to national and international regulatory provisions, including Seafood Import Monitoring Programme (SIMP) of the US.
Three new coop societies will help solve many agri problems, raise farmers' income: Amit Shah
Cooperation Minister Amit Shah inaugurated Bhartiya Beej Sahakari Samiti Ltd, National Cooperative Organics Ltd, and National Cooperative Export Ltd to promote organic farming, exports, and seed production. A laboratory will certify organic farm and products. Shah aims to increase India's organic exports.
NABARD focusses on the prospects of value chain in floriculture and coffee in Assam
NABARD conducted a meeting on Farm Sector Development in Assam, focusing on the prospects of value chain in floriculture & coffee plantations. It highlighted interventions like MEDP, FSPF. NABARD also sanctioned a Watershed Project in Derapathar villages with a grant assistance of Rs 2.30 crore.
Farm-to-fork voyage: Investments in upgraded storage, streamlined supply chain will enhance competitiveness of agri sector
The budget offers a roadmap for empowering farmers, ensuring food security, and propelling the agricultural sector towards a brighter future, said Balram Singh Yadav, managing director, Godrej Agrovet. The measures pave the way for inclusive, sustainable growth in the agricultural sector. According to several estimates, more than 40% of the produced food gets spoiled even before it reaches the consumers.
Budget 2024: Sitharaman may significantly enhance allocation for farm sector schemes
The government is likely to significantly enhance allocation for key farm sector schemes and push credit in the interim Budget to boost rural economy. Growth in the agriculture sector is projected to decelerate to 1.8% in 2023-24. The government is also likely to announce a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal.
Govt hopeful of 'bountiful harvest' amid food inflation headwinds
Despite challenges posed by erratic weather, India's resilient agricultural sector remains optimistic about achieving a plentiful food grain production, crucial as the government aims to curb food inflation ahead of the 2024 general elections. The year saw extreme weather events, leading to fears and preemptive measures, including export curbs.
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