Search Result for : Food Grain Production

By Abin Daya The first round of returns filing for GST has happened, and businesses are slowly getting a hang of the processes, and are also understanding the tax better. Much work still needs to be done, and it will take at least two quarters, if not more before we can say that we have become comfortable with it, and it is business as usual again! In the meantime, though, despite a good monsoon, aggregate acreage under cultivation is falling, particularly for food-grains. While the bumper harvest of last year should provide some relief, we will need to do much more to meet our ever-growing demand. The kharif acreage is one of the topics that we deal with this week. Under the same ...

The Dollar Business Bureau With good monsoon rains and various policy initiatives by the Government, India’s overall production of food grain to be increased by 2.3 million tonne to an all-time high of 275.68 million tonnes in the crop year 2016-17, according to the fourth advance estimates released by the Agriculture Ministry on Wednesday. Record production has been achieved in wheat, rice, pulses and coarse cereals in the crop year that ended in June.  The previous record of food grain production was 265.04 million tonnes, achieved in the crop year 2013-14 (July-June). However, the output had dropped to 251.57 million tonnes in crop year 2015-16.  “As a result of very good rainfall during monsoon 2016 and various policy initiatives taken by the Government, India ...

The Dollar Business Bureau Agriculture Secretary Shobhana K Pattanayak said on Saturday that the foodgrain production in the ongoing kharif season 2017-18 is expected to exceed last year's record output of 138.04 million tonnes on account of higher sowing area and good monsoon.  Till now, more than 80% of the sowing of kharif crops such as pulses, paddy, cotton, oilseeds, jute and sugarcane, has been completed and the sowing will continue in some regions until next month, he told PTI.  Crop area of around 19 lakh hectare across the country has been impacted by floods and farmers are expected to take up other crops in the season once the water goes down, Pattanayak said. He also expressed concerns about poor rainfall in ...

The Dollar Business Bureau There has been a record output of food grains in the country in 2016-17 and all the earlier records were broken, said Agriculture Minister Radha Mohan Singh on Friday. “As per the 3rd Advance Estimates, food grain production India has increased to 273 MT, sugarcane to 306 MT oil seeds to 32.5 MT, in 2016-17,” said Singh, while addressing the National Agriculture Marketing Summit organised jointly by FICCI with the Ministry of Agriculture and Farmers Welfare. “As per the 2nd Advance Estimate, fruits and vegetable production has increased to 287 MT, he added. On the goal of doubling income of farmers by 2022, the Minister said that only through cross-pollination of innovations and expertise, and thereafter collaboration during the implementation ...

PTI  The growth rate of Himachal Pradesh is expected to be 6.8 per cent and per capita income likely to rise to Rs 1.47 lakh during 2016-17, as per the Economic Survey of the state. "The Gross State Domestic Product (GSDP) is expected to increase from Rs 1,13,667 crore in 2015-16 to Rs 1,24,570 crore in 2016-17, while the growth rate under the 12th Plan (2012-17) has been estimated at 7.2 per cent," said the Economic Survey for the current financial year, presented by Chief Minister Virbhadra Singh in the Assembly today. The food grains production which was 16.34 lakh tonnes in 2015-16 is likely to slip to 16 lakh tonnes while the Horticultural production would be about 5.10 lakh tonnes ...

The Dollar Business Bureau China is expected to import more grains as compared to last year after the country’s production this year dropped by around 5.2 million tonnes and the planting area dipped and the yield per unit edged down, as per official data. In 2016, China’s total grain output stood at around 616 million tonnes, dropped by around 5.2 million tonnes (about 0.8%), compared with the previous year, according to the data released by the China’s National Bureau of Statistics (NBS). The area under grain planting in the country has contracted by about 3.15 lakh hectares, whereas the yield per unit declined by 30.7 kg per hectare, it said. Going through the unbalanced demand and supply among varieties of grain, several areas have cut ...

The Dollar Business Bureau NITI Aayog Vice-Chairman Arvind Panagariya has said that a good monsoon, reforms and good decisions in a timely manner by the Government of India will definitely drive the country’s growth above the mark of 8% in the following quarters of this financial year. “I am confident that it (GDP number) will be over 8 percent in subsequent quarters (this fiscal),” Panagariya said. He briefed, “Besides a good monsoon, this will be achieved as a result of the reforms. We have not yet seen the effect of reforms. Earlier, there were grave issues of governance. The projects were stuck and the decisions were not taken by the government.” The growth rate of India dropped to one and a half year low of ...

The Dollar Business Bureau India’s export of food grains, fruits and vegetables worth more than $27 billion are at stake due to unchecked used of fake pesticides in the country, a study has said. “India's position as one of the leading food grain exporter in the world is fully at stake as the possibility of rumors or sabotage by other countries or rejection of Indian exports food items from developed importing countries would increase,” said a study conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI). Underlining the need for judicious usage of agrochemicals industry for sustained growth of agriculture sector, the industry body said that the incidence of spurious pesticides in the country was found to the extent of ...