How AI and Nanotechnology May Revolutionize Maharashtra’s Farms
If sugarcane could speak, Maharashtra’s farms would sound anxious — worried about unpredictable rain, soil salinity, and the chemical exhaustion that builds up over years....
Agriculture
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Farmers clash with security forces near New Delhi as protests intensify
Barricades and tear gas are being used to stop farmers as they march towards New Delhi. Tensions are exacerbated by unmet demands for higher support costs, loan forgiveness, and unfulfilled government pledges. Protesters want a peaceful conclusion.
Cabinet approves 2-7% MSP increase for 6 crops to boost farming sector
The union cabinet, in its meeting held on Wednesday, agreed to a 2-7% increase in the minimum support price (MSP) for six crops.
Govt imposes 40% duty on onion export till December 31 amid rise in domestic prices
According to news agency PTI, the government is looking into a number of methods for the disposal of onions, including e-auctions, e-commerce, as well as through states at discounted prices via retail stores of their consumer cooperatives and companies.
NCDEX announces revision of trading hours for commodity derivatives starting August 14
The segment's trading hours are currently between 9 am and 5 pm. The most recent amendment will shift the hours to 10 am to 5 pm. According to NCDEX, the updated client code modification hours are 10 am to 5:15 pm, with "the pre-Open session shall be from 9:45 am to 10 am for all commodities."
Cereal shortages may further fuel India’s inflation: HSBC
For the year ending in March 2024, HSBC has kept its inflation projection of 5% but sees bigger risks if cereal inflation picks up. Data on rice sowing and rainfall distribution will be crucial in the coming weeks, according to the economists.
Govt rebukes reports of wheat shortages, says “There is no such plan to import wheat into India.”
The story by Bloomberg said, “Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to consider grain imports.”
Meghalaya CM to disburse funds to farming communities
Meghalaya Chief Minister disburse funds to farming communities of specific areas.
Lumpy skin disease creating problems in parts of Punjab
Lumpy skin disease wreaks havoc across the country among animals and has been termed an outbreak already. CM Bhagwat Mann has brought restriction in place for the same.
Highest FRP of Rs 305/QTL for sugarcane farmers in history, approves CCEA
Cabinet Committee on Economic Affairs has approved the highest ever FRP for sugarcane farmers. It has approved the highest ever FRP of 305 rupees per quintal for Sugarcane Farmers.