INDIA FARMING
2 Indian nationals arrested in Italy for enslaving 33 countrymen on farms
Two Indian nationals have been arrested for allegedly enslaving 33 Indian farm labourers in Italy's Verona province. The incident follows the tragic death of a Sikh farm worker who bled to death. The suspects, who own two agricultural sector companies with no employees and are allegedly tax evaders, were seized by finance police. They are under investigation for crimes including enslavement and labor exploitation.
Budget needs to think about farmers to help India get to developed economy goal
Budget Expectations for agriculture: The share of agriculture in India's economy has declined to less than 15%, yet it remains crucial due to rural dependence and food security. Budget measures aim to improve productivity through fertilizer subsidy allocation, crop diversification, expedited crop loss claims, fair prices for farmers, boosting pulse production, R&D, labor challenges, and focusing on low-yield Eastern states.
APCNF of Andhra Pradesh, soil scientist Rattan Lal and Egypt’s SEKEM jointly win €1 million Gulbenkian Prize 2024
Andhra Pradesh Community Managed Natural Farming and soil scientist Rattan Lal are announced as joint winners of the €1 million Gulbenkian Prize for Humanity. Their sustainable agriculture approaches are recognized for promoting global food security and climate resilience.
Will resume agitation on pending demands of legal guarantee to MSP, farm loan waiver: SKM
The Samyukt Kisan Morcha (SKM), which led the 2020-21 farmers' protest, made the announcement a day after its general body met. "The general body has decided to resume the agitation demanding implementation of the agreement, dated December 9, 2021, that the Union government has with the SKM, signed by the Secretary of the Department of Agriculture, Government of India, and other key demands affecting the livelihood of farmers," the SKM said.
Budget 2024: Banks seek hike in interest subvention on farm loans
Banks are urging the government to increase the interest subvention on short-term agriculture loans from the current 1.5% to 2%. This move is aimed at helping banks absorb higher costs of funds and boost credit flow to the agriculture sector in the short term. Discussions on this matter took place recently with senior finance ministry officials.
Official employment data masks India's jobs problem, say economists
India's employment growth mainly comes from self-employment, unpaid work, and temporary farm hires, which are not equivalent to formal jobs, economists said. Despite claims of 20 million new jobs annually since 2017/18, much of this increase is in agriculture and self-employment due to insufficient business demand.
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Farm Factor: What stakeholders are expecting from Budget 2024
Budget: Among other things, the agri industry wants better seeds for crops like cotton and oilseeds whose production is not increasing, and technological support to deal with climate change.
Scandron gets DGCA certification for agri-drone model
Scandron announced receiving DGCA Type Certification for its Agri-Drone model, SNDAG010QX8, supporting efforts to enhance Indian agriculture. The rotorcraft, certified for agricultural tasks, aims to improve crop yields through tasks like spraying fertilizers, crop surveillance, and livestock management. Magellanic Cloud's involvement strengthens India's drone market and supports the Make in India initiative.
Will it be a 'Congress' budget, GoI?
Budget 2024: No matter how justified, giveaways like farm loan waivers create a moral hazard. While these promises don't affect banks that loaned the money - as GoI picks up the tab - it incentivises non-payment of dues. Those who repaid feel cheated. Together, these factors undermine credit culture. The exchequer adds to its debt burden or is forced to cut back on other spending priorities.
Employer arrested for Indian farm worker's death in Italy
Satnam Singh was abandoned by his employer after a strawberry wrapping machine severed his arm in Lazio, near Rome, last month and died due to "copious bleeding", the ANSA news agency reported.
Agritech startup Two Brothers Organic Farms raises Rs 58.2 crore from Nithin Kamath’s Rainmatter
Two Brothers Organic Farms, an agritech startup, has raised Rs 58.2 crore in funding led by Nithin Kamath's Rainmatter Foundation. The round also saw participation from Silicon Valley entrepreneur Raju Chekuri, founder of the cybersecurity firm NetEnrich.
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.
Dindigul Farm Product IPO allotment expected soon as GMP indicates multibagger listing. Here's how you can check status
Dindigul Farm Products IPO, with robust demand and impressive subscription numbers, is poised for a successful listing. The company's focus on dairy processing aligns with India's leading position in milk production, showcasing a promising future.
Bayer partners with Solynta to revolutionise potato farming in India and Kenya
Bayer and Solynta have agreed to collaborate on distributing true potato seeds in Indian and Kenyan markets, marking Bayer's entry into the global potato market. This partnership aims to provide smallholder farmers with high-quality starting material, enabling them to grow disease-resistant potato varieties from true seeds, ultimately improving food security in these regions.
After Telangana's Rs 31,000 cr farm loan waiver, Punjab farmers reiterate similar demand
The Telangana government has announced a farm loan waiver of up to Rs 2 lakh, benefiting nearly 40 lakh farmers at a cost of around Rs 31,000 crore. Punjab farmers have welcomed this decision and renewed their call for a similar waiver from the central government, arguing that the current cash benefit under PM Kisan is insufficient.
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.
Dindigul Farm Product IPO opens today: Check issue size, price band, GMP and other details
Dindigul Farm Product SME IPO offers 64 lakh shares at Rs 51-54 each, aiming to raise Rs 35 crore and list on BSE SME platform.
Best Jams in India for Fruity and Rich Breakfast Dishes (2024)
Are you looking for the best jams for your bread? If so, then continue reading this article where we have curated a list of the best jams in India. These jams are offered by some of the most popular brands in the market. Crafted using only the best ingredients, they can be the perfect partner to your breads.
Best Mixed Pickles in India: Perfect Partner to Your Main Course (2024)
Are you looking for mixed pickle brands? If so, then continue reading this article where we have curated a list of the best pickles in India. All of these mixed pickles are offered by some of the best and popular brands in India and the globe. Go through the complete list and place your order using the buying link shared in the article below.
Best salt in India to add natural flavor and make your food delicious
Ditch the dull shaker! India's a goldmine for discovering your perfect best salt. There's the dependable buddy for everyday cooking. Feeling fancy? Channel your inner beach bum with a taste of the sea's finest. Craving some excitement? Explore the world of fun flavored salts for a playful twist. Need a natural kick? Look for the best Himalayan pink salt, brimming with minerals. And for health-conscious cooks, there's a delicious option that lets you indulge without guilt. From everyday meals to gourmet finishing touches, unearth the best salt in this article!
Indians give eateries cold shoulder amid head-spinning heat
Extreme heatwave conditions across India have significantly impacted restaurants, pubs, and bars, leading to a sharp decline in sales and footfalls, with some outlets reporting up to a 40% decrease. Al fresco dining and high street locations are worst affected, especially during lunch hours, which are seeing a notable drop in business. The heatwave, with temperatures exceeding 50 degrees Celsius in some places, has led people to avoid outdoor dining, impacting sales till about 6 pm.
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.
The Circle FC partners with JETRO to host Indian startups for the Japan Market Immersion Program
Throughout the two-day event on May 15-16th, the startups engaged with various stakeholders, including other startups, investors, corporates, government officials, and industry leaders.
India bloc govt will waive farm loans, scrap Agniveer scheme: Rahul Gandhi
Addressing an election rally at Simulia in Bhadrak Lok Sabha seat, Gandhi vowed to save the Constitution and democracy and announced that the INDIA bloc government would legalise MSP on foodgrains, waive farm loans and scrap the Agniveer scheme.
In Punjab, drug problem 'exists even today, increasing', says Rahul Gandhi
Rahul Gandhi, addressing a rally in Ludhiana, highlighted the Congress's promises for Punjab, including the Mahalakshmi scheme and farm loan waivers. He also emphasized the need for strict action against the drug problem in Punjab, which he said was increasing. Gandhi criticized the BJP government, accusing it of wanting to change or scrap the Constitution if it wins the election and of benefiting big businesses at the expense of small traders and businesses. He also criticized the Agnipath scheme, calling it an insult to the army, and promised to repeal it if Congress comes to power.
If BJP wins LS polls, it will bring new law to snatch farmers' lands: Akhilesh
Samajwadi Party president Akhilesh Yadav warned that if the BJP stays in power, they may reintroduce farm laws. He promised record employment if his party wins. He accused the BJP of exploiting farmers. He vowed to waive farmer loans and provide free flour and mobile data if his party forms government. Yadav emphasised the importance of the election in protecting the Constitution and addressing income disparity.
India set for wheat imports after six years, to shore up reserves
India is set to resume wheat imports after a six-year hiatus to replenish dwindling reserves and stabilize soaring prices caused by poor harvests. The government is expected to scrap the 40% import tax post-election, allowing private traders to source from top exporter Russia. This move is crucial to ensure ample wheat supply in the market and avoid further price hikes.
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.
India’s $48 bn input subsidy for power and agri raises hackles
WTO members, including the US and UK, have raised questions about India's $48 billion farm input subsidies for 2022-23, which have been attributed to inflation and rising fertilizer costs. India explained that these subsidies are mainly for power, irrigation, and fertilizers and that the information had been duly notified to the WTO. The US claimed that this amount is more than twice the value of all trade-distorting support notified by India in 2021-22.
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