Preventive trade policies restrict export of key agri commodities: study
The Dollar Business Bureau The trade policy of India on agriculture has a pro-customer prejudice which indirectly taxes farmers by putting export curbs on different crops, according to a study. The domestic prices of major agricultural items were below that of export prices in most of the years during the period 2004-2014, a joint study by The World Bank and Indian Council for Research on International Economic Relations (ICRIER) on Tuesday revealed. Policy makers have used preventive trade policies to maintain the domestic prices low in most of the years, the study found after an analysis of domestic prices deviation from global prices. The study on ‘Price Distortions in Indian Agriculture’, analysed global and domestic prices of 15 agri commodities for a 10-year period between ...
Himachal to import high quality rootstocks
PTI Himachal would import high quality temperate rootstocks and fruit plants under the Rs 1,169-crore state 'Horticulture Development Project' being funded by the World Bank.The decision in this regard was taken at a meeting held under the chairmanship of Principal Secretary Horticulture J C Sharma here today.The meeting decided that identified and high yielding root stocks would be raised in the fruit nurseries of the Horticulture Department to increase the fruit production to make the state competitive in global markets, Sharma said.With a view to boosting horticulture sector in the state, the special emphasis would be on extensive plantation and a sum of Rs 350 crore would be spent on irrigation facilities, the official informed.The sector would be developed in a ...
Indian agriculture sector may grow at 3% in FY17
The Dollar Business Bureau The Indian agriculture sector is expected to grow at 3%, while the industry and services sectors are expected to grow at the rate of 8.2% and 9.8% respectively according to the industry body Confederation of Indian Industry (CII). India is likely to remain the fastest growing economy in the world. The country would certainly register 8% GDP growth in FY 2017 due to normal monsoons, low interest rates, positive investor sentiments and FDI inflows, said Naushad Forbes, President of CII. The CII has taken several initiatives to establish Start-up Centers in the States through public–private partnership (PPP) – an institution for incubation of potential entrepreneurs to build future business houses creating large scale employment opportunities. This incubation programme would ...
Fake pesticides put India's food grain exports at risk
The Dollar Business Bureau India’s export of 29 million tonnes of food grains worth Rs. 1, 578 billion ($26 billion) is at stake due to increasing use of fake pesticides, says a study. “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," FICCI (Federation of Indian Chambers of Commerce and Industry) said in its report. Besides food grains, exports of 3 million tonnes of fruits and vegetables worth Rs. 88 billion ($1.43 billion) is also at stake due to non-genuine pesticides. The study titled ‘Menace of Spurious/Counterfeit Pesticides in India’ warned ...
