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 […]

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States to get loan from India’s agriculture infrastructure fund (AIF) for PM-Kusum scheme

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States in India now have the option to get funding at discounted interest rate through the Rs 1-lakh-crore Agriculture Infrastructure Fund (AIF) to implement the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-Kusum) scheme. The Kusum scheme aims to remove the use of diesel in irrigation and promote solar technology in the agriculture sector. […]

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NABARD infuses Rs 1.46 lakh crore in rural banking system

National Bank for Agriculture and Rural Development (NABARD) said it has infused Rs 1.46 lakh crore in the rural banking system during the current fiscal. NABARD has been extending financial support to the banks operating in rural areas to help them deploy their resources effectively for meeting the credit needs of rural people, including farmers. […]

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Banana production in India likely to drop due to climate change: Report

Climate change across the globe is bad news for India’s agriculture sector. India, the largest producer of bananas is likely to see a drop in its production, as per reports.  Researchers, led by Dan Bebber from the University of Exeter in the UK, studied both the recent and future impact of climate change on the world’s leading banana producers and exporters.  The study shows that 27 countries accounting for […]

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Report on curbing cane farming in parched Marathawada to be submitted to Maharashtra CM

Farmers in Maharashtra’s Marathwada region need to be weaned away from water-intensive crops such as sugarcane because of recurring droughts and water scarcity, a state government official has said in a draft report, reports Financial Express. Aurangabad divisional commissioner Sunil Kendrekar told Financial Express that he is giving final touches to a report on measures […]

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Replacing rice with other cereals can help India overcome freshwater stress – study

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While the boom in rice-wheat systems has vitally contributed to reducing hunger and malnutrition throughout India, these trends in production have been supported by ever-increasing agricultural inputs and extensive environmental consequences, particularly for freshwater resources, a study has said. Many parts of the country now experience chronic water stress due to heavy-water extraction for irrigated […]

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World Bank report spells out the biggest hindrance to India’s sustained GDP growth

India’s hopes of achieving the figure of 7.5% GDP growth in next couple of years looks like a pipe dream, according to the World Bank predictions. On the occasion of World Water Day, the Bank has asked India to exercise caution against its “water-scarce” situation. India needs to start managing its water, if it wishes […]

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India’s fertiliser sector seen boost in the upcoming budget as government focuses on farming, says ICRA

The annual Indian budget due next month is likely to have several policy measures to give a stimulus to the agricultural sector such as on irrigation, crop insurance, e-NAM and agricultural credit, which will help the fertiliser players, ICRA said. The sector is highly regulated with controls on several aspects pertaining to their business. The […]

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