The government has relaxed import norms for onions until Dec 15 and used the buffer stock to increase supplies and moderate prices that have risen rapidly in recent days.
It has also asked Indian diplomats in onion-producing countries to contact traders for supply to India, the government said on Wednesday.

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Union Agriculture Minister should have met the delegation, says one of them

 

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New Delhi: 

A meeting of 30 protesting farmers' groups from Punjab with the government regarding the contentious farm bills ended abruptly today over the absence of the Union minister for agriculture Narendra Singh Tomar. The Centre had called the meeting and the farmers' groups had finally decided yesterday that they would attend.  

 

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Mumbai: State Bank of India's house economists on Monday said the recent farm sector reforms reek of parochial thinking and promote lazy farming as they only cater to cereal-producing states. In the recently concluded monsoon session, the government rushed through three legislation to change the way agricultural produce is marketed, sold and stored by dismantling the decades-old APMC (Agricultural Produce Market Committee) mandis.


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The balance of trade during April-September 2020 was significantly positive at Rs 9,002 crore as against the trade deficit of Rs 2,133 crore in the said period

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The argument that these bills will remove intermediaries, and therefore make farmers well-off, assumes that an unfair exchange is the biggest problem facing India’s farmers. But Inflation data shows that retail and wholesale prices for important food items, cereals, pulses, vegetables and fruits, move in tandem. (AP File)

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·         Roads built under the PMGSY were expected to transform agriculture in villages. Instead, they help workers leave farming to take on other jobs, a study suggests

 

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FarmERP, a market leader in AgriTech, is working effectively towards the Uberization of smallholder farmers and aims towards making them independent and more efficient in their agriculture practices.

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The former MLA from Radaur in Yamunanagar district submitted his resignation to state BJP chief Om Prakash Dhankar.

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Regarding the latest farm bills, Dr. S Krishna Kumar IAS (Retd.) Former Union Minister says, “I applaud Prime Minister Narendra Modi for the latest agriculture reforms which will bring a revolution in Indian

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As Opposition and regional parties protest the contentious farm laws, now challenged in Supreme Court, engaging with the key question: Does the enactment of the laws violate the federal principle?

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The government has given additional three months’ time till December to millers to undertake mandatory export of their sugar quota allocated for this year, a senior Food Ministry official said on Monday.

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With realistic input costs, that form of agriculture is no longer viable in those Green Revolution tracts. Farmers, and governments, in Bihar and Kerala, don’t want APMCs, nor do UP, MP, Gujarat and Karnataka.

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Farm bills are seen by farmers to deliver freedom — not to them, but to private capital, writes Himanshu.

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They block rail, road traffic; accuse Centre of implementing ‘anti-farmer’ policies

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NEW DELHI: The Commission for Agricultural Cost and Prices (CACP) that recommends minimum support price (MSP) for 22 crops had suggested in July that open-ended procurement of wheat and rice should be reviewed so that farmers are encouraged to plant other crops such as oilseeds, pulses and nutri-cereals.

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Tomar further said that the NDA government took the key decision in the interest of the country and added that farmers would benefit from these legislations.

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Vested interests in the APMC set-up have a lot to lose as a result of the recently passed ordinances, not

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Wholesale prices at Lasalgaon in Maharashtra, Asia's largest wholesale market for onion, have shot up by over 29 per cent to Rs 11 per kg Tuesday when compared to Rs 8.50 per kg on the same day a year ago, as per official data. In the national capital, retail onion prices are ruling at Rs 20-25 per kg depending on the varieties, as per the trade data. "Due to drought conditions in producing region, the production of rabi onion is expected to be lower.

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 Over 3 crore marginal and small landholding farmers received their first instalment of Rs 2,000 each till May 31, while nearly 2 crore of them have even got their second instalment.
HIGHLIGHTS
Extending the assured income support (PM-Kisan) scheme for farmers will also benefit over eight lakh big landholders — having landholding size of 10 hectares and more — across the country
Top 12 states, including Rajasthan, collectively account for 93% of total big farmers in the country

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Food subsidy may be increased 20 per cent in the budget, likely in July, after it was stepped up to Rs 1.84 lakh crore for the current financial year in the interim budget, presented on February 1, on account of the Food Corporation of India's allocations under the National Food Security Act and the sum granted for decentralized grain procurement taking the amount to over Rs 2.21 lakh crore. A 20 per cent rise will add over Rs 36,000 crore to the subsidy bill, currently pegged at Rs 1.84 lakh crore, and take the total to Rs 2.21 lakh crore. In the 2018-19, the subsidy was Rs 1.71 lakh crore. 

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Government is planning to provide one kg of sugar to an additional 16.3 crore families through public distribution system at a subsidised rate that will cost the exchequer Rs 4,727 crore and is also mulling offering additional foodgrains from buffer stock to clear storage ahead of monsoon. 

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The Solvent Extractors Association of India has approached the Director General of Foreign Trade seeking permition of exports of rapeseed oil and mustard oil in bulk without any restrictions of pack size and MEP in line with other edible oils.

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Riding on a bumper crop, Punjab has procured 130.15 lakh tonnes of wheat this season, the highest in 20 years, surpassing the targets set by the state and the central governments. The feat becomes all the stupendous considering the fact that this year, there was lesser area under wheat crop and the yield in at least 50 per cent of the districts was marred by the unseasonal rain and hailstorms.

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Birds, known to play an important role in pollination, putting a check on pesky insects and rodents, could also be causing drastic decrease in crop yields by destroying them, according to a report, which calls it as an emerging concern in Indian agriculture. The avian species inflict losses in agriculture by damaging crops during sowing, seedling and ripening stages, leading to economic losses to the farming community, shows  the inter ministerial report of the Committee on Doubling Farmer’s Income (DFI) - Volume X titled "Risk Management in Agriculture", released by the Ministry of Agriculture.

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Mapping and monitoring of paddy cultivation areas is essential for making effective targeting strategies for the spread of new technologies, sustainable crop management and diversification options among rice growing farmers. Recently scientists have developed high resolution seasonal maps for Northeast India and Bangladesh to study cloud-prone rice paddy cultivation regions in South Asia. Large scale paddy mapping at medium or high spatial resolution is rare, primarily due to limited availability of cloud-free optical imagery. The rice paddy maps, which are freely distributed by International Rice Research Institute, Philippines are of coarse spatial resolution and more than nearly seven years old.

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Deere, the world’s largest agricultural-equipment maker delivered a mixed performance for its fiscal second quarter. The company reported adjusted earnings of $3.52 per share which missed the consensus estimate of $3.57 by a margin of 2%. Notably, though, the reported figure represents an improvement of 12% from the adjusted EPS figure of $3.14 for the prior-year period even as net sales from the company’s equipment operations rose 5% year-on-year to $10.3 billion. The revenue gains were primarily driven by higher shipment volumes and price realization, partially offset by the negative impact of currency translation.

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The Ministry of New and Renewable Energy today held a brainstorming session for all stakeholders in the renewable energy industry. Major challenges faced by the industry were deliberated upon at the day long meet.

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Farmers take to the streets over farm Bills

They block rail, road traffic; accuse Centre of implementing ‘anti-farmer’ policies

Tata Sons offers to buy out Shapoorji Pallonji Group's stake in shares dispute

Tata Sons has offered to buy out Shapoorji Pallonji group's stake in the holding company to help the group raise money to pay its debt. The Supreme Court has also barred the Mistry group from pledging or selling any Tata shares until October 28, when it starts hearing final arguments in the case.


Diversity and inclusion in insurance: From awareness to action

The Canadian insurance industry still has work to do when it comes to promoting and encouraging diversity and inclusion – but things are moving in the right direction. Earlier this month, more than 300 individuals from the Canadian insurance industry gathered at Women in Insurance Toronto – a lively and empowering networking event focused on boosting the careers of women in insurance. The message resonating at the event was clear: It’s time to turn awareness into action.

GSTN releases prototype of a new simplified return filing system

GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year. The prototype available on webportal gives stakeholders a feel of what the new return filing system will look like. GSTN also sought stakeholder feedback on the proposed offline tool. It will allow users to use functionality such as drop down menus, invoice upload, upload of purchase register for matching with system created inward supplies.

Singapore, Canada seek to join WTO consultations over India's ICT products tariff

Singapore and Canada have expressed interest in joining consultations in a case filed by Japan in the WTO's dispute settlement body against India's import duties on certain information and communication technology products, including mobile phones. According to a communication of the World Trade Organisation (WTO), both countries have stated that they have a substantial trade interest in information and communication technology (ICT) goods. 

Bajaj Finance joins Rs 2-trillion m-cap club; stock zooms 105% in 14 months

The company recorded a strong 57 per cent YoY growth in net profit at Rs 1,176 crore in March quarter, while net interest income, or NII, grew 50 per cent at Rs 3,394 crore on YoY basis.

Ministry held session for stakeholders in renewable energy industry

The Ministry of New and Renewable Energy today held a brainstorming session for all stakeholders in the renewable energy industry. Major challenges faced by the industry were deliberated upon at the day long meet.

SEBI, IRDAI Launch Regulatory Sandbox Framework For Fintech Startups

In a bid to support the fintech industry in, the Reserve Bank of India introduced a regulatory sandbox for the startups to test their products and services. Now a similar initiative has been taken by market regulator Securities and Exchange Board of India (SEBI) and insurance regulator Insurance Regulatory and Development Authority of India (IRDAI).

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