Committee on MSP to meet on 22 August for its first session

The committee on Minimum Support Price (MSP) is scheduled to hold its first meeting on August 22 to discuss future strategies, according to official sources. In the first meeting, the committee will introduce members, deliberate on “future strategies” and discuss setting up sub-panels to cover the wide issues mentioned in the terms of reference. Meanwhile, […]

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Govt to support industry and farmers to increase maize production in India: Narendra Singh Tomar

India, under its crop diversification is promoting farmers to increase maize production through various initiatives. “The MSP of maize has been increased by 43 percent in last 8 years and with the increase in production the farmers are also getting benefited from this,” said Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare. “The popularity […]

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Innovative business models are encouraging India’s agricultural growth: Bain & Co.

Innovative and disruptive business models are stimulating inclusive growth in agriculture and rural finance, said a report by Bain and Company and CII. The report, titled Innovations in Rural Economy, said India’s rural economy contributes to nearly half of the nation’s GDP and is growing steadily, supported by government and private sector improvements to the […]

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Ministry of agriculture projects India’s foodgrains output at a record 316 million tonnes in 2021-22

India’s foodgrains, consisting of rice, wheat, pulses and coarse cereals, production, is likely to touch a record 316.06 million tonnes (MT) for the 2021-22 crop year (July-June), as per the second advance estimate released by the ministry of agriculture. The projected output exceeds the target of 310.74 MT set by the agriculture ministry at the […]

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Agriculture sector project to grow by 3.9 per cent in 2021-22: Economic Survey

Agriculture and its allied sectors have been the least impacted by the COVID-19 pandemic, and is expected to grow by 3.9 per cent in 2021-22 after registering 3.6 per cent expansion in the previous year, according to the Economic Survey released on Monday. “Increasing importance of allied sectors including animal husbandry, dairying and fisheries in […]

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India to witness record foodgrains production in 2022

India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country’s resilient agriculture sector that is on course for better harvest in 2022 despite pandemic blues. While soaring production of foodgrains that also helped the government provide free additional rations […]

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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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