On July 1, 2017, the corporation had rice stocks in excess of 21 million tonne (MT) against the buffer stocks requirement of 13.5 MT besides around 5.4 MT of grain is yet to be received from the millers.
The goods and services tax (GST) has drastically reduced the tax rates on purchase of foodgrains in the country, besides correcting the wide disparities in the tax incidences among major grain-producing states.
In a bid to dispose huge stocks piled since last one year, agri-cooperative Nafed, also the nodal agency for the government’s pulses procurement drive for creation of buffer stocks, would launch an e-auction platform shortl
Following the crackdown against illegal abattoirs in Uttar Pradesh after the BJP came to power, and the increased attacks on those transporting even buffaloes by self-styled gau rakshaks, and the central government coming out
In a move that is expected to give boost to rice exports, India has approached the European Union (EU) and the United Kingdom (UK) for allowing duty-free exports of all the 29 varieties of basmati rice notified by the agricul
Two months after the south-west monsoon season (June-September) hit the Kerala coast, the overall rains so far, with the exception of pockets in southern India, western Uttar Pradesh and Marathawada, have been well distribute
Two months into the progress of south-west monsoon season (June-September), the rains so far with the exception of few pockets of southern India have been well distributed and as per the earlier forecast of the India Meteorol
India’s foodgrain production in the current kharif season might equal if not surpass last year’s record output of 138 million tonnes (mt), a prospect that will give a strong support to the economic growth in the current f
With rainfall in excess of 22% of the benchmark long period average (LPA) in the last week (July 20-26), the average water table in these reservoirs has been more than the level a year ago as well as average of last 10 years
While most parts of the country have received ‘normal’ rainfall this monsoon season (June-September) so far, the region of south-interior Karnataka, consisting of districts like Tumkur, Mandya, Kolar, Chitradurga and Mysu
Traders and processors across key arhar producing states of Maharashtra, Gujarat and Madhya Pradesh said that with the kharif sowing for 2017 season already underway, the new crop is expected to arrive in the market by around
Close to eight weeks into the southwest monsoon season, majority of the areas across the country have received 'normal' rainfall but the average water level at the country's 91 large reservoirs remained below the last year's
Thanks to generous government subsidy of up to 8% of the sum assured, private general insurance companies have participated in the revamped crop insurance scheme, Pradhan Mantri Fasal Bima Yojana (PMFBY), with as much or even
Karnataka, the first state to initiate major reforms in agricultural marketing through creation of a Special Purpose Vehicle has declined to join the agriculture ministry-promoted national electronic platform
Six weeks into south-west monsoon season, average water level at country’s 91 large reservoirs remained below what it was a year ago and the average of last ten years, reflecting uneven distribution of rains.
The mandi maize prices are presently ruling around `1,000 to `1,100 per quintal depending on the moisture content in the state while the Centre has declared MSP of `1,365 per quintal for the current crop year.
The fact that the country’s largest selling rice brand, India Gate, is exempt from the 5% goods and services tax (GST) since the popular brand is not registered under the Trade Marks Act 1999 has driven a wedge between KRBL
Since the electronic national agriculture market (eNAM) project was launched in April last year, hardly 4% of the wholesale trade in farm commodities has shifted to it; as far as inter-mandi/inter-state eNAM trade is concerne