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Agri experts ask FM Jaitley for farmers' income security in pre-budget meeting
Tue, Dec 05, 2017
It was suggested that there is need to start ‘Operation Veggies’ and focus should be given to TOP – Tomato, Onion and Potato as there is maximum volatility in their prices.
Gadkari announces Rs 6,000 crore World Bank-backed irrigation scheme
Sat, Nov 11, 2017
Gadkari announced this at the inauguration of Agrovision Exhibition here today. Vice President Venkaiah Naidu, who was present on the occasion, performed e-jalpoojan of Nerala Lift Irrigation Scheme and right bank canal of Gosikhurdh Irrigation project.
PAN not needed for cash sale of agri produce up to Rs 2 lakh per day
Fri, Nov 03, 2017
The Central Board of Direct Taxes (CBDT) said in response to representations from stakeholders regarding applicability of provisions of Income-tax Act, 1961 to cash sale of agricultural produce by the cultivators/ agriculturists.
Nod for raising extra budgetary resources for pending irrigation projects
Thu, Aug 17, 2017
Briefing reporters after a Cabinet meeting, Finance Minister Arun Jaitley said a large number of major and medium irrigation projects taken up under Accelerated Irrigation Benefit Programme (AIBP) had been languishing mainly due to inadequate provision of funds.
India's regulator clears use of GM mustard, final approval awaited
Fri, May 12, 2017
Late last year Reuters reported that the GEAC gave its technical clearance for GM mustard, following multiple reviews of crop trial data generated over almost a decade.
Investors bet on fertiliser stocks as IMD predicts good monsoon
Wed, May 10, 2017
A Reuters report said, “India looks likely to receive higher monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased, the chief of the India Meteorological Department (IMD) said on Tuesday, raising prospects of higher farm and economic growth.”
Income Tax: Only 0.39% farmers in India eligible to pay income tax even if asked
Thu, Apr 27, 2017
Niti Aayog member Bibek Debroy cooked up a storm earlier this week when he said that agriculture in India should come under the purview of income tax. So severe are the political implications of such a move that Finance Minister Arun Jaitley immediately swung into action and denied any such thought within the government.
After SBI's Bhattacharya, RBI Guv Patel speaks out against farm loan waivers
Thu, Apr 06, 2017
On March 15, Arundhati Bhattacharya, Chairperson, SBI said that farm loan waivers may disrupt credit discipline among borrowers.
2017 monsoons to be below normal, Skymet says
Mon, Mar 27, 2017
Monsoons are important for Indian economy as agriculture still largely is dependent on the weather phenomenon.
Investors now want to seed Agriculture start-ups to reap rewards
Tue, Mar 14, 2017
Even with an uptick in investment in these start-ups, the number of deals has dropped to 68 from 70 in 2015.
Two-wheelers demand drops by 5% in Q3FY17; rural demand to revive sales
Tue, Feb 14, 2017
Demand from smaller towns and rural areas is expected to improve post demonetisation in the near term on the back of a healthy rise in income.
Centre forms panel to work for doubling farmers' income
Wed, Feb 08, 2017
"As per preliminary reports received from the states, the total area sown under Rabi crops as on January 27, 2017 stood at 637.34 lakh hectares as compared to 600.02 lakh hectares in the corresponding period last year, indicating no significant impact of demonetisation on Rabi sowing," said a ministry statement.
Union Budget 2017: Total allocation of Rs 1.87 lakh crore for rural, agriculture
Wed, Feb 01, 2017
Jaitley also said that the government has allocated a record Rs 48,000 crore for 2017-18 from 37,000 in 2016-17 for MGNREGA.
Demonetisation: United Bank of India sees credit growth at 7-8% by end of FY17
Mon, Jan 16, 2017
Credit growth of United Bank of India (UBI) at the end of financial year 2016-17 (FY17) will be as low as 7-8% due to demonetisation impact, its MD and CEO P Bajaj said.
Fertiliser Minister seeks Rs 20,000 crore of special banking facility for industry
Wed, Jan 11, 2017
Fertiliser Minister Ananth Kumar today said he has written to the Finance Minister for Rs 20,000 crore special banking arrangement to provide loan at reasonable rate to cash-starved fertiliser companies.
Maharashtra govt ease land revenue norms for infra projects
Sun, Jan 08, 2017
The state government has come up with an amendment in Maharashtra Land Revenue Code, following which non-agriculture certification will no longer be required for a land for which development plan is finalised.
Sowing under Rabi crops rise by 6%, rice drops
Fri, Dec 23, 2016
Sowing of wheat grew by 7.42% at 278.62 lakh hectares, while pulses (138.25 lakh hectare) and oilseeds (78.08 lakh hectares) recorded growth of 9.95% and 11.35% respectively.
Demand side contraction to weigh heavy on India's inflation
Wed, Dec 14, 2016
Care Ratings said, "The recent and unanticipated move of demonetization and the resultant cash crunch has created distortions in the market for agricultural and farm produce."
Monsanto shareholders back Bayer deal, CEO hopeful of U.S. approval
Wed, Dec 14, 2016
Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub in St. Louis fuel hopes regulators will not block the deal, which was agreed upon in September, Monsanto CEO Hugh Grant said.
Cash squeeze: ADB slashes India's 2016 growth estimate to 7%
Tue, Dec 13, 2016
South Asia's growth is estimated at 7.3% in 2017.