Maharashtra sets up high level committee to probe into co-op banks loans to sugar mills

The state government of Maharashtra has set up a high-level committee, led by principal secretary (financial reforms) Rajgopal Deora to probe into the loans by cooperative banks to several cooperative sugar and spinning mills despite negative NDR (net disposable resource). The state government had stood in as the guarantor for the loans since the RBI and NABARD […]

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Tea Board order for mandatory sale through auction will be counterproductive: UPASI

The United Planters’ Association of Southern India (UPASI), the apex body of planters in southern India, said that the Tea Board of India’s directive to manufacturers to ensure mandatory sale of 50% of the total tea manufactured through public auctions will be counterproductive given the wide divergence between auction and retail prices, reports Financial Express. […]

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Spices Board, Rubber Board & Digital University of Kerala to Develop Mobile App for cardamom farmers

The Spices Board, the Rubber Board and the Digital University of Kerala shared an Memorandum of Understanding (MoU) to use modern techniques to generate spatial models of soil nutrients in the cardamom tracts and to develop an android-based mobile application for cardamom growers to enable site-specific, need based fertiliser recommendation. D Sathiyan, secretary, Spices Board, […]

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APEDA to promote Ladakh’s distinctive agricultural produce

The Agricultural and Processed Food Products Export Development Authority, (APEDA) has decided to brand and market organic foods from Ladakh in order to increase agricultural exports and local farmers’ incomes.  The endeavour will be carried out in collaboration with Union territory officials as well as the Defence Institute of High-Altitude Research (DIHAR).  “Recognized areas of […]

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India likely to ban 27 Pesticides; expert committee appointed

About 27 pesticides are likely to be banned by the central government, the union minister for agriculture and farmers’ welfare, Narendra Singh Tomar, announced in Rajya Sabha. The government has already appointed an expert committee in this regard.   At the same time, the Standing Committee on Agriculture has invited public opinion on Pesticide Management Bill 2020 and the bill is under […]

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Decline in shrimp exports to China makes shrimps cheaper in India for domestic market

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India’s shrimp exports to China have been witnessing a sharp decline, and that has made shrimps cheaper in the domestic markets by 30-40 per cent since March 2021. Given that China is the second largest purchaser of Indian shrimps after the USA, it has impacted exports quite severely. According to shrimp exporters, since China was […]

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As Soya futures hit new high, SOPA seek NCDEX’s support to curb speculation

As soyabean futures touch a record high of Rs9,106 per quintal, Indore-based Soyabean Processors Association of India (SOPA) has urged the National Commodity and Derivatives Exchange (NCDEX) to take notice that the soybean futures contract on its platform has been completely taken over by the speculators. In a letter written to NCDEX, SOPA said, “Over […]

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