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 […]
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 […]
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 […]
Foodgrain production in the ongoing kharif (summer sown) season is expected to be same as last year’s despite deficient monsoon rains so far as there is still time to sow paddy and other crops, according to estimates by Indian Council of Agriculture Research (ICAR). “At this moment, we expect kharif crops to be more or […]
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 […]
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 […]
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 […]
The United States Department of Agriculture (USDA) forecasts India’s cotton production for 2019/20 at 29.0 million 480-pound bales, up 2 per cent from its previous forecast and 9 per cent from last year. Harvested area is forecast at 12.6 million hectares, up 2 per cent from last month and unchanged from last year. The increase […]
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 […]
The hike in import duty for gold from 10 per cent to 12.5 per cent, along with 3 per cent GST, has taken the total tax on gold to 15.5 per cent, providing potential stimulus to smuggling. Bullion analysts estimate that a staggering 200 tonnes of the precious metal would make its way into the […]
