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The Union Cabinet, on Thursday, approved the Nutrient Based Subsidy (NBS) rates for the upcoming Kharif season on Phosphatic and Potassic (P&K) fertilizers and to include three more fertilizer grades under the NBS scheme. The Centre said tentative budgetary requirements for the scheme would be about ₹24,420 crore. The subsidy on Nitrogen (N) has been...

The G-33 group of countries on February 25expressed serious concern over the lack of progress in agriculture trade negotiations and urged the members of the World Trade Organisation (WTO) to work on a permanent solution to the issue of public stockholding of grains for food security purposes. The G-33 group includes 47 developing and least...

The Bharatiya Kisan Sangh (BKS) — a farmers’ body affiliated to the Rashtriya Swayamsewak Sangh (RSS) — has condemned the violent protests by some farm unions who are demanding guaranteed minimum support prices (MSP), but it also rebuked the BJP-led Union government for not paying heed to the farmers’ pleas. The BKS warned the government...

Cooperatives have the potential to tackle the personal issues of farmers with collective strength, Prime Minister Narendra Modi said while inaugurating multiple key initiatives for the cooperative sector here on Saturday. The Prime Minister inaugurated the pilot project of “world’s largest grain storage plan” in cooperative sector, which is being done in 11 Primary Agricultural...

The government on February 22 permitted traders to export 54,760 tonnes of onion to Bangladesh, Mauritius, Bahrain and Bhutan till March 31. “We have allowed export of 50,000 tonnes of onion to Bangladesh, 1,200 tonnes to Mauritius, 3,000 tonnes of Bahrain and 560 tonnes to Bhutan with immediate effect,” Consumer Affairs Secretary Rohit Kumar Singh...

The Cabinet Committee on Economic Affairs, which met in New Delhi on February 21, approved ₹340/quintal as the Fair and Remunerative Price (FRP) of sugarcane for sugar season 2024-25 at sugar recovery rate of 10.25%. This is about 8% higher than FRP of sugarcane for the current season 2023-24. The revised FRP will be applicable...

India has effected sharp cuts in the import duties on frozen turkeys, blueberries and cranberries, and scrapped the import duty on extra-long staple (ELS) cotton, as per a Finance Ministry decision notified late Monday. The move, which will make it easier for the US and other major producers to meet Indian consumers’ demand for these...

Guaranteeing a Minimum Support Price (MSP) across crops will support farm incomes and push consumption demand¸ CRISIL Market Intelligence & Analytics said on Tuesday, estimating that the “real cost” of such a guarantee for the government would be around ₹21,000 crore in the agriculture Marketing Year (MY) 2023. Noting that MSP-based procurement is currently only...

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said the State government was all set to introduce innovative schemes and increase farmers’ incomes in the upcoming annual Budget since agriculture and milk production played a pivotal role in the rural economy. He was speaking in Shimla during a first of its kind interaction with...

The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. The government has also announced the launch of “Bharat rice” to bring down rice prices in the market. However, millers and traders feel these are not enough to control prices. What...