New Delhi: India is likely to export 3.5 to 4 million tonnes of wheat to the neighbouring South East Asian and West Asian countries till March, compared to the 0.18 million tonne in the previous year, if the government extends an export subsidy, said the trade. The current stocks in the country with the government and the private sector are over 56 million tonnes, which the government will have to offload ahead of the arrival of the new crop in April.

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New Delhi: The fertiliser industry said it expects major gains from finance minister Nirmala Sitharaman’s announcement of a Rs 65,000 crore stimulus for the sector in the upcoming crop season. Satish Chander, director general of the Fertiliser Association of India, said the additional allocation will easily take care of the industry’s pending payments as well as this year’s subsidy amount.

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Mahindra & Mahindra, the country’s largest tractor maker, is witnessing strong demand for tractors in the middle of the festive season. Operating at over 100% capacity and yet having pending orders, the company has decided to divert production meant for exports to meet the local demand, M&M’s Farm Equipment Sector (FES) chief executive, Hemant Sikka, tells Ketan Thakkar. Edited Excerpts:

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New Delhi: The government is planning to increase the number of Kisan Rail trains, which transport vegetables and fruits to different parts of the country, to help farmers get better prices and reduce wastage, which is to the extent of 15%. “Currently, we are running four Kisan Rail trains

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The government has relaxed import norms for onions until Dec 15 and used the buffer stock to increase supplies and moderate prices that have risen rapidly in recent days.
It has also asked Indian diplomats in onion-producing countries to contact traders for supply to India, the government said on Wednesday.

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Union Agriculture Minister should have met the delegation, says one of them

 

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New Delhi: 

A meeting of 30 protesting farmers' groups from Punjab with the government regarding the contentious farm bills ended abruptly today over the absence of the Union minister for agriculture Narendra Singh Tomar. The Centre had called the meeting and the farmers' groups had finally decided yesterday that they would attend.  

 

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Mumbai: State Bank of India's house economists on Monday said the recent farm sector reforms reek of parochial thinking and promote lazy farming as they only cater to cereal-producing states. In the recently concluded monsoon session, the government rushed through three legislation to change the way agricultural produce is marketed, sold and stored by dismantling the decades-old APMC (Agricultural Produce Market Committee) mandis.


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The balance of trade during April-September 2020 was significantly positive at Rs 9,002 crore as against the trade deficit of Rs 2,133 crore in the said period

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The argument that these bills will remove intermediaries, and therefore make farmers well-off, assumes that an unfair exchange is the biggest problem facing India’s farmers. But Inflation data shows that retail and wholesale prices for important food items, cereals, pulses, vegetables and fruits, move in tandem. (AP File)

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·         Roads built under the PMGSY were expected to transform agriculture in villages. Instead, they help workers leave farming to take on other jobs, a study suggests

 

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FarmERP, a market leader in AgriTech, is working effectively towards the Uberization of smallholder farmers and aims towards making them independent and more efficient in their agriculture practices.

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The former MLA from Radaur in Yamunanagar district submitted his resignation to state BJP chief Om Prakash Dhankar.

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Regarding the latest farm bills, Dr. S Krishna Kumar IAS (Retd.) Former Union Minister says, “I applaud Prime Minister Narendra Modi for the latest agriculture reforms which will bring a revolution in Indian

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As Opposition and regional parties protest the contentious farm laws, now challenged in Supreme Court, engaging with the key question: Does the enactment of the laws violate the federal principle?

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The government has given additional three months’ time till December to millers to undertake mandatory export of their sugar quota allocated for this year, a senior Food Ministry official said on Monday.

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With realistic input costs, that form of agriculture is no longer viable in those Green Revolution tracts. Farmers, and governments, in Bihar and Kerala, don’t want APMCs, nor do UP, MP, Gujarat and Karnataka.

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Farm bills are seen by farmers to deliver freedom — not to them, but to private capital, writes Himanshu.

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They block rail, road traffic; accuse Centre of implementing ‘anti-farmer’ policies

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NEW DELHI: The Commission for Agricultural Cost and Prices (CACP) that recommends minimum support price (MSP) for 22 crops had suggested in July that open-ended procurement of wheat and rice should be reviewed so that farmers are encouraged to plant other crops such as oilseeds, pulses and nutri-cereals.

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Tomar further said that the NDA government took the key decision in the interest of the country and added that farmers would benefit from these legislations.

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Vested interests in the APMC set-up have a lot to lose as a result of the recently passed ordinances, not

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Wholesale prices at Lasalgaon in Maharashtra, Asia's largest wholesale market for onion, have shot up by over 29 per cent to Rs 11 per kg Tuesday when compared to Rs 8.50 per kg on the same day a year ago, as per official data. In the national capital, retail onion prices are ruling at Rs 20-25 per kg depending on the varieties, as per the trade data. "Due to drought conditions in producing region, the production of rabi onion is expected to be lower.

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 Over 3 crore marginal and small landholding farmers received their first instalment of Rs 2,000 each till May 31, while nearly 2 crore of them have even got their second instalment.
HIGHLIGHTS
Extending the assured income support (PM-Kisan) scheme for farmers will also benefit over eight lakh big landholders — having landholding size of 10 hectares and more — across the country
Top 12 states, including Rajasthan, collectively account for 93% of total big farmers in the country

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Food subsidy may be increased 20 per cent in the budget, likely in July, after it was stepped up to Rs 1.84 lakh crore for the current financial year in the interim budget, presented on February 1, on account of the Food Corporation of India's allocations under the National Food Security Act and the sum granted for decentralized grain procurement taking the amount to over Rs 2.21 lakh crore. A 20 per cent rise will add over Rs 36,000 crore to the subsidy bill, currently pegged at Rs 1.84 lakh crore, and take the total to Rs 2.21 lakh crore. In the 2018-19, the subsidy was Rs 1.71 lakh crore. 

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Government is planning to provide one kg of sugar to an additional 16.3 crore families through public distribution system at a subsidised rate that will cost the exchequer Rs 4,727 crore and is also mulling offering additional foodgrains from buffer stock to clear storage ahead of monsoon. 

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The Solvent Extractors Association of India has approached the Director General of Foreign Trade seeking permition of exports of rapeseed oil and mustard oil in bulk without any restrictions of pack size and MEP in line with other edible oils.

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Riding on a bumper crop, Punjab has procured 130.15 lakh tonnes of wheat this season, the highest in 20 years, surpassing the targets set by the state and the central governments. The feat becomes all the stupendous considering the fact that this year, there was lesser area under wheat crop and the yield in at least 50 per cent of the districts was marred by the unseasonal rain and hailstorms.

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Farmers take to the streets over farm Bills

They block rail, road traffic; accuse Centre of implementing ‘anti-farmer’ policies

Tata Sons offers to buy out Shapoorji Pallonji Group's stake in shares dispute

Tata Sons has offered to buy out Shapoorji Pallonji group's stake in the holding company to help the group raise money to pay its debt. The Supreme Court has also barred the Mistry group from pledging or selling any Tata shares until October 28, when it starts hearing final arguments in the case.


Government plans Metrolite for rapid transport in Tier-II, Tier-III cities

The government is set to bring in a new mass transport system-LRT-Metrolite-for Tier-II and Tier-III cities. Metrolite will be dedicated rail corridors in cities and towns with tracks on surface instead of elevated or underground stretches as is the case with Metro rail corridors across the country. 

Mahindra reports 3% decline in total sales at 45,421 units in May

Auto major Mahindra and Mahindra Saturday reported 3 per cent decline in total sales at 45,421 units in May. The company had sold 46,848 units in the same month last year, M&M said in a statement. 

It was discussed in a meeting of Mutual Fund Advisory Committee members held recently with SEBI chief

Following the recent crisis in debt mutual funds, capital and commodity markets regulator Securities and Exchange Board of India is considering a proposal to make fund managers more accountable-by linking their remuneration to the performance of the schemes managed by them. Sources told Moneycontrol that the proposal was discussed at the recent meeting of the Mutual Fund Advisory Committee, at which SEBI chairman Ajay Tyagi was present. An industry source who attended the meeting said a sub-committee would be set up to frame guidelines. Asset Management Companies  are grumbling at what they see as micromanagement by the regulator. “If SEBI implements such norms, good fund managers may not want to stay in this business,” said a mutual fund executive on condition of anonymity. Mutual Fund CEOs get anywhere between Rs 7-30 crore in annual remuneration.

Punjab surpasses Centre’s target, set for record produce

Riding on a bumper crop, Punjab has procured 130.15 lakh tonnes of wheat this season, the highest in 20 years, surpassing the targets set by the state and the central governments. The feat becomes all the stupendous considering the fact that this year, there was lesser area under wheat crop and the yield in at least 50 per cent of the districts was marred by the unseasonal rain and hailstorms.

China proposes ASEAN+3 mega free trade agreement sans India, Australia and NZ

India could be out of the mega trade deal being negotiated between 16 countries, including the ASEAN and China, if a proposal made by Beijing for a free trade pact excluding New Delhi is taken seriously by other members. “China has started pushing for a free trade pact between ASEAN + 3 (which includes the ten-member ASEAN, China, Japan and South Korea) at the East Asia Summit. This would effectively mean that among the 16 countries negotiating the Regional Comprehensive Economic Partnership (RCEP), all except India, Australia and New Zealand would get included in the proposed pact,” an official told BusinessLine.

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