Big boost for farmers in Budget 2022-23; Rs 2.37 lakh crore MSP direct payments announced

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In a major boost to farmers, finance minister Nirmala in her budget speech announced Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers in the Budget for FY22-23. “Procurement of wheat in Rabi season 2021-22 and the estimated procurement of paddy in Kharif season 2021-22 will give cover 1208 lakh […]

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Syllabi Of Agriculture Universities to be revamped: Union Budget 2022-23

Finance Minister Nirmala Sitharaman while presenting the Union Budget said that all the state governments will be encouraged for revising the syllabus of the agricultural universities for adopting new and innovative measures with the existing chapters. As a part of it, the new curriculum will include topics such as zero-budget farming, natural farming, modern-day agriculture, value education, […]

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Agritech startup, Pepper Farms raises $ 1 million as seed funding to grow business

Agritech startup Pepper Farms has raised $ 1 million (around Rs 7.39 crore) from investors to grow its business. The startup helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales. In a statement, Pepper Farms said it has secured $ 1 million in a seed funding round led by AxilorVentures and […]

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India can generate $ 813 bn in revenues from agri, food sector by 2030: Aspire Impact Report

With an investment of $ 272 billion in agritech and allied segments by 2030, India can generate $ 813 billion in revenue creating 152 million jobs, making it the largest private sector industry in the country, according to a report titled ‘Investing for Impact: Food, Agri and Agritech’, by Aspire Impact. With agriculture continuing to […]

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Modi says stepping up ethanol production will help reduce crude oil import

Prime Minister Narendra Modi  said stepping up ethanol production can help reduce the import of crude oil and prove to be an extra means of earning for sugarcane farmers. He claimed that before the BJP came to power, only 20 crore litres of ethanol was being sent to oil companies from Uttar Pradesh, which now increased to around […]

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India disburses Rs 2,071 crore loan for 4,000-odd projects so far under Agri Infra fund

The government has so far disbursed Rs 2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund, Agriculture Minister Narendra Singh Tomar said. Tomar, in a written reply to the Lok Sabha, said a total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of Rs 6,098 crore. “Out […]

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US was again India’s largest trading partner during April-October 2021: Union Commerce Ministry

The government said in Rajya Sabha that during the April-October period this fiscal, the US has once again emerged as the largest trading partner of India with bilateral merchandise trade of $ 67.41 billion. The US has been the largest trading partner of India with respect to merchandise trade since 2018-19, except in 2020-21, when […]

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India’s share of exports declines among developing countries in 2020: WTO report

India slipped to eighth position in 2020 in terms of its share of merchandise exports among developing economies, according to a World Trade Organization report. India’s ranking translates into a share of 3.6 per cent with respect to top 15 developing economies’ merchandise exporters, lower than its share of 3.9 per cent in 2018 as […]

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Twelve million people now employed in the renewable energy sector: IRENA and ILO

A recent report by the International Renewable Energy Agency (IRENA) and the International Labour Organization (ILO) states that renewable energy employment worldwide reached 12 million in 2020, up from 11.5 million in 2019. According to the report, in spite of the slowdown caused by the covid-19 pandemic, solar and wind jobs continued to grow and accounted for 4 million and 1.25 […]

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