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Monday, August 19, 2019

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Increasing Agricultural Productivity Remains a  Challenge in India: IMF

Increasing Agricultural Productivity Remains a Challenge ...

Washington: Though the International Monetary Fund (IMF) has estimated India’s economy to  
grow at 7.2 per cent and 7.7 per cent in the current fiscal and 2018-19 respectively, improving  
productivity in the agriculture sector remains a key challenge.  
  
The IMF has underscored the need for addressing long-standing structural bottlenecks and  
enhancing market efficiency. Liberalising commodity markets and giving farmers more 
flexibility  
in the distribution and marketing of their produce will help raise competitiveness, efficiency, and  
transparency in state agriculture markets.  
  
“The main challenge before the Indian economy will be to improve agricultural productivity.  
Agriculture remains the most labour-intensive sector of the economy and employs around half of  
India’s workers. Farmers require more flexibility in distributing and marketing their crops as this  
will help improve competitiveness, efficiency, and transparency,” IMF said in its report.  
  
IMF also said input subsidies to farmers should be administered through direct cash transfers  
rather than underpricing of agricultural inputs, as such subsidies to the agriculture sector have  
had large negative impacts on agricultural output.   

Government to Make Arunachal Fully Organic Within 3 Years

Government to Make Arunachal Fully Organic Within ...

Itanagar: In a bid to make Arunachal Pradesh a hundred percent organic state within three years, the state Chief Minister Pema …

Rice Output Estimated to Rise 4.54 Per Cent

Rice Output Estimated to Rise 4.54 Per ...

New Delhi: Rice production In India is estimated to increase by 4.54 Per Cent for the 2016-17 (July-June) crop year …

Tezpur University Faculty Member Chosen for INSA Young Scientist Medal

Tezpur University Faculty Member Chosen for INSA ...

Guwahati: Sanjay Pratihar, a scientist at Tezpur University has been awarded the prestigious Indian National Science Academy (INSA) Medal for …

Foodgrain Output Revised up to a Record 273.38M Tonnes

Foodgrain Output Revised up to a Record ...

New Delhi: The National Democratic Alliance (NDA) government has revised upwards the foodgrain production estimates to a record 273.38 million …

Coconut Production may Dip in 2016-17

Coconut Production may Dip in 2016-17

The country’s coconut production may decline by 6.22 per cent in the crop season 2016-17(July-June), according to the findings of …

Andhra Pradesh, Iowa Sign Accord to Explore Cooperation in Agriculture

Andhra Pradesh, Iowa Sign Accord to Explore ...

Andhra Pradesh, Iowa Sign Accord to Explore Cooperation in Agriculture

With a view to promoting research and development in the field …

Agri Min Approves Procurement of Toor under PSS for Maharashtra

Agri Min Approves Procurement of Toor under ...

Ministry of Agriculture and Farmers Welfare has approved the procurement of one lakh MT of 

Toor under PSS upto 31st May, 2017 for Maharashtra. The proposal for implementation of Price 

Support Scheme (PSS) for procurement of Toor during the current Kharif season 2016-17 was 

received from Government of Maharashtra.  As per their proposal, it was mentioned that 

expected production of Toor in Maharashtra will be 12.56 lakhs MT and they have requested for 

procurement of 2 lakhs quintal during 1st November, 2016 – 29th January, 2017.  

 

This proposal was transferred to Department of Consumer Affairs to create a buffer stock of 

pulses by making procurement directly from the farmers at MSP plus bonus under Price 

Stabilization Fund (PSF).  This procurement continued till 22nd April, 2017 and around 4 lakhs 

MT of Toor was procured which is 31.95% of total expected production. Due to continuous 

arrival, State Government had decided to procure the Toor from the farmers who have been 

registered or token has been issued till 22nd April, 2017 at various procurement centres from 

their own resources.  

 

On 5th May, 2017, request for implementation of PSS was again received from Government of 

Maharashtra.  In the fresh proposal they had requested for procurement of 20 lakhs quintal (2 

lakhs MT) of Toor upto 31st May, 2017.  They have also informed that as per their third estimate 

the expected production in the State will be 20.35 lakhs MT.  The notification for harvesting 

period of Kharif Toor was revised from September to March and extended upto 31st May, 2017.  

​ 

Considering the proposal, this Department has approved the procurement of one lakh MT of 

Toor under PSS upto 31st May, 2017 with the condition that the procurement already made as 

per State Government Notification dated 27.4.2017 shall not be reimbursed or adjusted from the 

procurement made under PSS and State Government will make necessary arrangements for 

godown space and other resources for smooth PSS operation in the State.

Chhattisgarh on Top in Per Hectare Yield of Coconut

Chhattisgarh on Top in Per Hectare Yield ...

The very name of coconut brings to the mind the state of Kerala, which accounts for 37 per cent of …

Agri Min. Proposes Increasing Import Duty on Tur Dal to 20 percent

Agri Min. Proposes Increasing Import Duty on ...

The Agriculture Ministry has moved a proposal for hiking the import duty on tur dal to 20 percent from the earlier 10 per cent which was …