Choose Language:

India

World Bank approves $250-mn credit for growth in agriculture production rate of West Bengal

Font Size

KOLKATA: The World Bank has announced to disburse a credit and loan of $250 million to the West Bengal Accelerated Development of Minor Irrigation Project (ADMIP) in order to increase the agricultural production of small and marginal farmers of the state.

The project is expected to undertake the development of around 1.39 lakh hectares of irrigated area which will be advantageous to around 1.66 lakh farm families of the state.

The international financial institution's concessionary lending arm International Development Association (IDA), will provide the credit which includes a 25 year maturity along with 5 years grace period.

Mr Venu Rajamony, Joint Secretary, Department of Economic Affairs, Ministry of Finance, said, “The project approved today will focus on investments targeted at strengthening community-based institutions for the management of minor irrigation schemes; development of surface and groundwater-based irrigation systems and agricultural development along with improved support services to farmers to enhance agriculture productivity and income in 4,660 minor irrigation schemes to be developed under the project.”

Mr Joop Stoutjesdijk, the Lead Irrigation Engineer and Task Team Leader for the West Bengal Accelerated Development of Minor Irrigation Project, said, “The World Bank is well placed to assist West Bengal with an integrated approach that strengthens community-level institutions, develops small-scale irrigation infrastructure and provides support services for the improvement of agriculture based livelihoods.”

 

 

 


Source:http://news.indiamart.com/story/world-bank-approves-250-mn-credit-growth-agriculture-production-rate-west-bengal-147925.html


+ 0
+ 0
scroll back to top

India to forge agri partnerships with ASEAN nations

Font Size

India is keen to forge partnerships with ASEAN countries for the exchange of technology to enhance farm productivity and address the impact of climate change on agriculture.

Agriculture Minister Sharad Pawar will travel to Indonesia's capital, Jakarta, on October 8 to attend a meeting of ASEAN agri ministers in this regard, official sources said.

This would be the first-ever joint meeting of the agriculture ministers of South-East Asian countries and is aimed at fostering cooperation in the vital sector.

"India would work on setting up some sort of mechanism for establishing regular contacts between countries of South-East Asia for exchange of technology to enhance farm production and also address the impact of climate change on agriculture," the sources said.

Indian Council of Agriculture Research (ICAR) Director General S Ayyappan will accompany Pawar to the important meet, the sources said.

At present, India does not have any major engagement in the field of agriculture and horticulture with the ASEAN countries, which are emerging as a powerful trade grouping.

The Association of South-East Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

India became a sectoral dialogue partner of ASEAN in 1992.

Mutual interest led ASEAN to invite India to become its full dialogue partner during the fifth ASEAN Summit in Bangkok in 1995. India also became a member of the ASEAN Regional Forum (ARF) in 1996.

In August, 2009, India signed a Free Trade Agreement (FTA) with ASEAN members in Thailand.

 

 

 

 


Source:http://www.moneycontrol.com/news/wire-news/india-to-forge-agri-partnershipsasean-nations_594267.html


+ 0
+ 0
scroll back to top

India should allow 4 mn sugar exports in 2011/12: NFCSF

Font Size

NEW DELHI: India should allow 4 million tonnes of unrestricted sugar exports in the new season from October to help trim bulging stocks and arrest slipping local prices, the chief of a producers' body said on Tuesday. 

The federal government should also buy 2 million tonnes of sugar from the local market to help cut stocks with mills as 2011/12 output is expected to be 26.5 million tonnes, Jayantilal B. Patel, president of the National Federation of Cooperative Sugar Factories Ltd ( NFCSF), told an industry meeting. 

"This expected surplus production of sugar during 2011/12 is worrying," he said. 

The Indian Sugar Mills Association (ISMA), another producers' body, also shares Patel's 2011/12 output forecast. However, Food Minister K.V. Thomas was conservative with his last week's estimate of 24.6 million tonnes.

 

 

 


Source:http://economictimes.indiatimes.com/news/economy/agriculture/india-should-allow-4-mn-sugar-exports-in-2011/12-nfcsf/articleshow/10140369.cms


+ 0
+ 0
scroll back to top

Imports of India's cooking oil may decline 7.6% in 2010-2011

Font Size

 

Vegetable oil imports by India may reportedly fall as much as 7.6% this year after a bigger domestic oilseed crop boosted oil supplies.


Sushil Goenka, president of the Solvent Extractors’ Association of India was quoted as saying that the imports may be 8.5mn metric tons to 8.6mn tons in the year that began on Nov. 1, compared with 9.2mn tons a year earlier.


According to reports, imports totaled 6.86mn tons in the November-August period.   Oilseed meal exports in the year ending Oct. 31 may increase to 5.07mn tons from 3.2mn tons last year.

 

 

 

 


source:http://www.indiainfoline.com/Markets/News/Imports-of-Indian-cooking-oil-may-decline-7.6-percent-in-2010-2011/5250579334


+ 0
+ 0
scroll back to top

Onion lobby wins as govt lifts ban on export

Font Size

New Delhi: The Centre has lifted the ban on onion exports after pressure from Agriculture Minister Sharad Pawar and Technology Minister Vilasrao Deshmukh and protests by farmers. The decision will be reviewed after a fortnight.

The government had imposed a ban on onion exports on September 9 to check its spiralling prices which touched Rs 25 per kg in retail in the national capital.

Pawar and Deshmukh argued at the EGoM that despite the market being closed for over 10 days, the retail price of onions hadn't gone up and with a predicted bumper crop prices won't rise.

Surprise support came in from an earlier reluctant Finance Minister Pranab Mukherjee and Home Minister P Chidambaram as well. Onion has united an earlier divided UPA.

A lift in the ban means better prices for traders and farmers and it also shows that powerful allies and lobbies can force economic decisions.

But the government isn't taking chances. With rising inflation, steep fuel prices, any rise in the price of an essential commodity like onion is bound to make things worse for the government and so this decision will be reviewed fortnightly.

 

 

 


Source:http://ibnlive.in.com/news/onion-lobby-wins-as-govt-lifts-ban-on-export/185965-3.html


+ 0
+ 0
scroll back to top
Banner

Latest News

Please feel free to get in touch, we value your feedback.
 

Top Searches




























Crops&VegetablesLivestock Business&Finance Technology&Science Fruits Agriculture&Life Innovations Economy Medical Plants Cereals Vegetables Krishi Bhavans Lifestyle Authority Address Soil Types Fertilizers Farming Agriculture Institutions Condiments&Spices Medical Plants Loans Lands Irrigations Technologies&Machinaries Domestic Animals Insurance Poultry Govt Schemes Pet Animals Expert Advice Agri Tips Beverages Oil seeds