Weekly Wrap – “Don’t raise taxes to pay for Covid”

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A day after Britain announced plans to raise its corporation tax on big companies to 25% from 19%, the first hike in nearly half a century, the Organisation for Economic Cooperation and Development (OECD) asked countries to avoid tax hikes to tackle the COVID-19 crisis. “Don’t raise your taxes to pay for COVID,” OECD head […]

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Crop arrivals to mandis rise after Supreme Court stays the three farm laws

Arrivals of several crops in the organised mandis have picked up ever since the Supreme Court stayed the implementation of the three contentious farm laws on 12 January, 2021, according to official data on the Union agriculture ministry’s Agmarknet portal. Of the ten major kharif crops, mandis have seen increased arrivals in five crops – […]

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SEA estimates 3% jump in oilseed production at 251 lakh tonnes during 2019-20 season

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The Solvent Extractor’s Association of India (SEA) has estimated the total production of oilseed crops, grown during the kharif and rabi seasons in the 2019-20 (November-October) season, at 251.49 lakh tonnes, nearly 3 per cent higher compared with 244.08 lakh tonnes last year due to higher yield in groundnut and castor seed. According to SEA’s […]

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India says increasing minimum buying price for summer crops by up to 50 percent

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The Indian government announced it was raising the minimum support price (MSP) for kharif crops by 50 percent to ensure remunerative prices to the growers for their produce. The government’s strategy is one of promoting sustainable agriculture with diversified cropping pattern matching with the country’s agro-climatic conditions, towards higher productivity without jeopardising nation’s bio-diversity, a […]

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