Finance Minister promises more credit for agriculture during the next fiscal in her Union Budget 2020 speech

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Finance Minister Ms Nirmala Sithraman announced an agricultural credit target set to Rs 15 trillion for next fiscal in her budget speech. Rural development and Panchanyati Raj were allocated Rs 1.6 trillion by the minister. She listed 16 action points for ‘aspirational India’ in her speech. The state governments who are already implementing three model […]

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India’s exports contract 1.11% in October 2019; trade deficit narrows

India’s exports contracted 1.11 per cent to $26.38 billion in October 2019 while a sharper shrinkage in imports left a trade deficit of $11.01 billion compared with $18 billion last year. Imports shrank 16.31 per cent to $37.39 billion, according to official data released by commerce and industry ministry. Meanwhile, some large export items, such […]

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PM Modi calls upon farmers to cut usage of chemical fertilisers, pesticides

Prime Minister Narendra Modi made an emotional appeal to farmers to reduce use of chemical fertilisers and pesticides by 10-25% to save the soil. He invoked the sacrifices of freedom fighters and asked farmers to get blessings in saving ‘Mother Earth’ by reducing the chemicals used in agriculture. Pointing out that no one has the right to […]

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Indian exports to China surge in wake of US-China trade war; agri-exports rose by 70% till Nov 2018

The tariff war between the US and China has helped India increase its exports to China.  During the June-November 2018 period, exports to the neighbouring country have increased by about 25 per cent to $8.46 billion, apex exporters body, Federation of Indian Export Organisations (FIEO) revealed. Exports to China had stood at $6.37 billion in […]

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China scraps import tariffs on soybean from India, Asia-Pacific nations

China will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current three per cent to zero, starting from July 1, China’s central cabinet announced. Imported products such as chemicals, agricultural products, medical supplies, clothing, steel and aluminium products from these countries will also enjoy certain tariff reductions, […]

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Soil pollution: facts and figures from FAO

Facts and figures from  Hidden Reality, a new report from the U.N. Food and Agriculture Organization (FAO): Production of chemicals grown rapidly in recent decades and is projected to increase annually by 3.4 percent until 2030. Non-OECD countries will be much greater contributors in the future. In 2015, the European chemical industry produced 319 million tonnes of […]

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China says to promote quality of agricultural products

The quality of agricultural products will be enhanced through developing high-standard farmland and cutting the use of pesticides, according to a State Council executive meeting this week The supply of high-end, green and healthy agricultural products is lagging behind consumers’ growing demand, the official Xinhua news agency said. High-quality products need to be imported, while […]

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WTO members proposed maximum regulations on food sector in 2016

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Member countries of the World Trade Organization (WTO) proposed over 3,700 regulations across sectors in 2016, with the food sector facing the maximum regulations – 39 percent of the total notifications issued at the WTO. The other commodities covered by these proposed regulations included fuel, iron and steel and chemicals. The regulations were proposed using […]

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