Budget 2021-22: Agricultural Produce Marketing Committees (APMCs) to get access to Agriculture Infrastructure Fund

IMG_1090-scaled.jpg

In the Union Budget 2021-22, Finance Minister, Nirmala Sitharaman, announced that Agricultural Produce Marketing Committees (APMCs) will become eligible beneficiaries to utilize the 1 lakh crore financing facility under Agriculture Infrastructure Fund (AIF) to enhance infrastructure at regulated markets, commonly known as Mandis. APMCs are state controlled markets that are setup to provide market linkages to farmers. […]

Read more

India’s farmers group says movement upstaged by vested interests after violence hit capital

An influential Indian farmers’ group said on Wednesday said their movement to arrive at a consensus on agricultural reforms had been upstaged by powerful vested groups, who dared to plant a flag on top of the historical Red Fort and damaged vehicles during a rally held on the country’s Republic Day. Farmer groups had staged […]

Read more

Weekly Wrap – Global uncertainty down from Covid peak, but still above historical average

The World Uncertainty Index—a quarterly measure of global economic and policy uncertainty covering 143 countries—shows that although uncertainty has come down by about 60 per cent from the peak observed at the onset of the COVID-19 pandemic in the first quarter of 2020, but still remains about 50 per cent above its historical average during […]

Read more

Indian traders say farmer protest has caused 500 billion rupees business loss

The nearly two-month long farmers’ agitation in and around India’s national capital has caused business losses worth 500 billion rupees, dampening the post-covid economic recovery, according to the Confederation of All India Traders (CAIT). The government has proposed to suspend three controversial farm laws for one-and-a-half years and try to achieve a resolution with the farmers […]

Read more

India’s agriculture sector in 2020 – from record foodgrain production to farmer protests

warehouse-pix-origo.jpg

Indian agriculture sector achieved record foodgrain production and registered positive growth despite the coronavirus pandemic but the massive farmers’ protest at the borders of the national capital against the new farm laws overshadowed its remarkable performance last year. Notwithstanding the cold weather and pandemic concerns, the protest by thousands of farmers, mainly from Punjab and […]

Read more

India urged to allocate higher funding for agriculture R&D in government budget

Amid the ongoing protests by Indian farmers over three key legislations, global consultancy Deloitte has recommended policymakers relook at the way funds are allocated for agriculture in the upcoming union budget in order to boost the sector’s overall productivity. Out of the 5% allocated for agriculture in the budget for the current fiscal year, most […]

Read more

Farmers in India divided over way forward on protests over key laws

MG_9702-scaled.jpg

An influential section of farmers group has reiterated their demand for legal guarantees for minimum support prices (MSPs) and repeal of three key legislations for withdrawing their protest while another moderate section urged a dialogue with the government. Yogendra Yadav, leader of Swaraj India, rejected any amendments to resolve the issue. He said the calculation […]

Read more