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RBI raises collateral-free agricultural loan limit to Rs 2 lakh

RBI raises collateral-free agricultural loan limit to Rs 2 lakh

Fri, Dec 06, 2024

Banks are now mandated to update their lending policies to align with the new loan cap, ensuring seamless access for eligible borrowers.

Rabi-season crop sowing crosses 428 lakh hectares, wheat sowing up 6.6% this year: Centre

Rabi-season crop sowing crosses 428 lakh hectares, wheat sowing up 6.6% this year: Centre

Mon, Dec 02, 2024

The central government said on Monday that the sowing of rabi season crops had exceeded the 428 lakh hectares so far this year.

Soil degradation on 30% of India's land poses threat to agriculture: Agri minister

Soil degradation on 30% of India's land poses threat to agriculture: Agri minister

Tue, Nov 19, 2024

Agriculture Minister Shivraj Singh Chouhan on Tuesday expressed concern over soil degradation affecting 30 per cent of India's land and stressed the need for urgent measures to maintain soil quality for sustainable farming.

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India economy went through challenging phases in 2017: CARE Ratings

India economy went through challenging phases in 2017: CARE Ratings

Fri, Dec 29, 2017

For the first half of the year, growth has come in lower at 6% compared with 7.7% in H1-FY17. There was only one sector, trade, transport, hotels etc, which registered higher growth in H1-FY18 at 10.5% compared with 8.3% last year, the rating agency said.

New India to jobs, Niti Aayog has a cracker of year ahead

New India to jobs, Niti Aayog has a cracker of year ahead

Wed, Dec 27, 2017

Year 2018 for the Niti Aayog, by all means, is going to be challenging -- after all, it has arguably the toughest job of giving shape to Prime Minister Narendra Modi's call for a New India by 2022 and a sharper focus on agriculture, malnutrition, higher education and jobs.

5 lakh farmers to benefit from climate resilient agriculture in Tamil Nadu

5 lakh farmers to benefit from climate resilient agriculture in Tamil Nadu

Tue, Dec 26, 2017

The project will rehabilitate and modernize about 4,800 irrigation tanks and 477 check dams, spread across 66 sub-basins, in delivering bulk water to irrigation systems.

Agri experts ask FM Jaitley for farmers' income security in pre-budget meeting

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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