ICAR prepares a 5-year road map to raise oilseeds productivity

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To bring in self-sufficiency in oilseeds sector, the Indian Council of Agricultural Research (ICAR) has prepared a five-year road map, under which area expansion and productivity increase will be the major focus. However, the actual implementation of the proposed initiatives will depend on the budgetary allocation for the self-sufficiency programme, says a report in Financial […]

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India’s pulses import estimated to fall record low of one million tonnes

India’s pulses import this year is expected to fall to one million tonnes from 6.6 million tonnes in 2016-17, Business Standard reports. This would help farmers who have been trading their produce below state-fixed minimum support prices (MSP). India consumes around 24-25 million tonnes of pulses, but sowing trends show this year production is expected […]

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Brazil seeks WTO to set up dispute panel against India on sugar subsidy

Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]

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India’s WPI inflation declined to near 2-year low at 2.02 per cent in June 2019

India’s wholesale price-based inflation declined for the second consecutive month to its 23-month low of 2.02 per cent in June 2019, helped by decline in prices of vegetables as well as fuel and power items, according to official data. The Wholesale Price Index (WPI)-based inflation was at 2.45 per cent in May 2019. It was […]

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India’s trade deficit narrows by 7.98% to $15.28 billion in June, exports falls by 9.71%

India’s merchandise exports contracted for the first time in nine months in June while imports shrank first time in four months. India’s trade deficit for June 2019 narrowed by 7.98 per cent to USD 15.28 billion as against the deficit of USD 16.60 billion in June 2018, government data showed. Data released by the commerce […]

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Petroleum sector contributes Rs.595,438 crore to India’s exchequer in 2018-19

The government at the centre and states have earned Rs 595,438 crore from petroleum products such as petrol and diesel in 2018-19, a government statement said. This was possible as the prices of petrol and diesel were deregulated. Petrol price was made market-determined by the government with effect from June 26, 2010, and the diesel […]

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Farmers in India shun cotton for other crops due to better incentives

Farmers have reduced area under cotton sowing this season in favour of some oilseeds in which they foresee better earnings. Cotton prices, despite a much lower crop as estimated by trade and industry, have not given them much returns in the last season. Lower cotton acreage and lower availability at a time when crude oil prices are falling is likely to raise […]

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