'On one side, there is provision for Pradhan Mantri Kisan Samman Nidhi and on other there are provisions to provide farmers with low cost fertiliser, urea, DAP', Agriculture minister added
The food subsidy for FY26 was estimated at Rs 2.03 trillion, which is 3.04 per cent more than the RE but 0.9 per cent lower than the BE of FY25
Punjab farmer leaders on Saturday said the Union Budget was "disappointing" for the farming community as it did not give a legal guarantee on minimum support price for crops.
Credit limit on KCC raised to Rs 5 lakh; farm Budget at Rs 1.71 trn, 22% more than FY25RE
The government has proposed creating new tariff items and supplementary notes for identification of certain technical-grade pesticides and certain goods covered by international conventions
The Budget's agricultural roadmap, centered around making the sector a primary growth engine, has drawn positive responses for its focus on reducing import dependencies
The two industry bodies attributed early flowering of sugarcane in Maharasthra and Karnataka due to change in weather cycle for likely decline in sugar output
In December 2021, SEBI first announced the suspension of derivatives trading for five commodities/commodity groups
In order to boost the credit to the rural sector with the help of effective and hassle-free agriculture credit, the government has been fixing annual targets for GLC
IREF VP called for raising the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme from 1 per cent to 3 per rcent and reintroducing the interest equalization scheme to support exporters
Agriculture sector growth averaged 5 per cent annually during FY17-FY23, showing resilience despite challenges
Credit cost for most of the lenders increased due to higher provisions, mainly for unsecured retail loans
The Indian agriculture sector provides livelihood to about 42.3 per cent of the population and has a share of 18.2 per cent in the country's GDP at current prices
As the world's second biggest wheat producer, India is counting on a bumper harvest in 2025 to avoid costly imports, following three straight years of poor crop yields since 2022
Prices for ethanol produced from B-heavy molasses and sugarcane juice/sugar/sugar syrup remain unchanged at Rs 60.73 and Rs 65.61 per litre, respectively
Lower exports from India could further tighten global supplies, already squeezed by weaker output from top producer Brazil, which would support benchmark futures that hit a record high this week
Sources attribute the slump in power production from bagasse to govt's reluctance to revise tariff rates
According to traders, the price spike this time could last a little longer as the Centre's ability to intervene in the market through open market sales might get squeezed due to dwindling stocks
The minister also said that the government is considering bearing the transportation cost for agricultural produce so as to enable farmers to sell their products across the country
Area sown to pulses rose to 142.49 lakh hectares from 139.29 lakh hectares, while sowing of coarse cereals remained flat at 55.67 lakh hectares so far this rabi season