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Politics

‘UPA Govt Rejected Swaminathan Committee Recommendation’: Shivraj’s Response On MSP Draws Oppn

The Congress on Friday alleged that Union Agriculture Minister Shivraj Singh Chouhan evaded a direct reply regarding the introduction of a legal guarantee for the Minimum Support Price (MSP), accusing him of delivering a "jalebi" instead. An uproar erupted as Shivraj Chouhan told Rajya Sabha that the Modi government was awaiting a report by a committee on minimum support prices (MSP) and it would make a decision when views are received. Opposition parties, led by the Congress, disrupted the Rajya Sabha proceedings, expressing dissatisfaction with Chouhan's response on the matter. "The Swaminathan Committee recommended the support price by giving 50% profit on the cost, but the UPA government rejected it," the Agriculture Minister said during the Question...
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A new fund, AgriSURE, with corpus of Rs 750 crore to be launched in August to support agri start-ups | India News – Times of India

NEW DELHI: Agriculture ministry in collaboration with National Bank for Agriculture and Rural Development (NABARD) on Friday announced a new fund, called ‘AgriSURE’, with an initial corpus of Rs 750 crore for supporting agri start-ups and rural enterprises. The fund is expected to be launched in August. Managed by NABVENTURES, a wholly owned subsidiary of NABARD, the fund is structured to support approximately 85 agri start-ups with investment sizes of up to Rs 25 crore each.The fund is being created with a contribution of Rs 250 crores each from NABARD and agriculture ministry with remaining Rs 250 crore coming from other institutions.The fund will provide support through investments in sector-specific, sector-agnostic, and debt Alternative Investment Funds (AIFs), as well as direct eq...
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Why small farmers remain anxious about the monsoon | India News – Times of India

Irrigation facilities in several Indian states are inadequate increasing the dependence of farmers on the monsoon rains.One of the more enduring images from the iconic film from the 1950s, Do Bigha Zameen, was its poster showing the family of a marginal farmer looking anxiously at the sky hoping that rains would save his tiny holding, their only source of livelihood, from being appropriated by the landlord.Seven decades later, the importance of timely rains remains critical for the survival of the millions of small and marginal farmers in India, especially for those who are dependent on the kharif (summer) crops. Therefore, year-after-year, the progress of the monsoon is watched with much anxiety.In April, the Indian Meteorological Department (IMD) predicted that in the 2024 southwest m...
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Relief for farmers and economy: IMD predicts above-normal monsoon this year | India News – Times of India

India's monsoon season is crucial for the country's agriculture and overall economy. The India Meteorological Department (IMD) on Thursday predicted above-normal rainfall for the core monsoon zone this season, which is a significant relief for the nation facing heatwaves and potential drought conditions. The monsoon rains, expected to be 106% of the long-term average of 87 cm, are vital for irrigating crops, replenishing reservoirs, and supporting the $3.5 trillion economy.The monsoon season, spanning from June to September, delivers almost 70% of the annual rainfall required for agriculture and water resources.With 52% of India's cultivated area depending on rain-fed irrigation, the forecast of above-normal rainfall is expected to boost farm output and economic growth, potentially lowe...
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