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Punjab Agro Industries Corporation inks agreement with UCO Bank for financing green houses projects

Chandigarh: State-owned Punjab Agro Industries Corporation (PAIC) today inked an agreement with UCO BankBSE -2.55 % to finance green houses projects in the state. This initiative will facilitate financing for green houses projects and will provide fillip to crop diversification in the state, an official spokesman said. Farmers who are engaged in hi-tech farming for growing vegetables have been facing difficulties in getting the high value projects financed from the banks. Green House projects costs Rs 35-40 lakh per acre and banks are generally hesitant in financing such high value farming operations. UCO Bank will work closely and provide requisite finance to farmers...

Last Updated: Thursday, 24th July, 2014 06:03 PM Visits 534

Farmers to have ‘Kisan Mandi’ in Delhi by September

New Delhi: Farmers will be able to directly sell fruits and vegetables to consumers and wholesalers in Delhi as the city will have a 'kisan mandi' by September after the government changes the law that gives traders and middlemen a monopoly. Farmers and farmer producer organisations (FPOs) will be able meet part of Delhi's demand of 15,000 tonnes of vegetables a day after the Delhi Agriculture Produce Market (APMC) Act is amended, said Pravesh Sharma, MD of the Small Farmers' Agribusiness Consortium (SFAC), a society under the department of agriculture. SFAC is already preparing to launch the mandi in the capital....

Last Updated: Wednesday, 23rd July, 2014 06:44 PM Visits 519

CCEA okays sale of 10 million tonnes of wheat in open market

New Delhi: The government today approved sale of 10 million tonnes of wheat from FCI stock in the open market in order to boost domestic supply and check prices.   A decision in this regard was taken at a meeting of theCabinet Committee on Economic Affairs (CCEA), headed by Prime Minister Narendra Modi. "The CCEA has cleared sale of about 10 million tonnes of wheat via the Open Market Sale Scheme (OMSS) to bulk buyers," sources said. The reserve price under OMSS has been fixed at Rs 1,500 per quintal plus freight charges for old crop and five per cent premium for new crop,...

Last Updated: Wednesday, 23rd July, 2014 02:53 PM Visits 36

Surinder Sud: Why every insect is not a pest

Less than five per cent of all insects are hazardous. Many of them serve as biological pest control agents and also have nutrition value. It is a myth that most insects are harmful and thus, need to be dreaded and destroyed. In reality, only a fraction of all insects, less than five per cent, are hazardous for crops, animals or human beings. Most others are either harmless or useful for agriculture, commerce, or ecology. In agriculture, insects play a vital role as pollinators, to boost crop yields or as natural foes of destructive pests, to serve as biological pest control agents....

Last Updated: Monday, 26th May, 2014 06:50 PM Visits 369

India’s 3rd advance estimate yield of foodgrains likely to be 264.38MT

India is likely to produce 264.38 million tonne (MT) foodgrains in 2013-14 (includes kharif 2013 and rabi 2013-14 crops) vis-a-vis last year’s 257.13 million tonne. This is more than seven million tonnes higher than last year’s production. In the Second Advance Estimates (released in February), the total foodgrain production was pegged at 263.2 million tonne. Rice production is expected to be 106.29 million tonne, and wheat production is expected to reach 95.85 million tonne. Both are records. Record production was also achieved in the cases of  tur (3.38 million tonne), gram (9.93 million tonne), maize (24.19 million tonne), all pulses put together (19.57...

Last Updated: Tuesday, 20th May, 2014 06:52 PM Visits 407

Saudi bans green chili pepper from India owing to high pesticide level

Saudi Arabia, a key importer of Indian fresh vegetables, recently imposed a ban on Indian green chili peppers due to the presence of pesticides above permissible levels. The Agricultural and Processed Food Products Export Development Authority (APEDA) had received many warning and alerts from the the Arab kingdom about presence of high pesticide residues in the last two years. The ban on Indian green chili to Saudi Arabia would commence on May 30, 2014. Pesticide chemicals used just before the harvesting made the real problem, as they stayed on the products for many days. Green chili pepper is an important agricultural product exported...

Last Updated: Tuesday, 20th May, 2014 06:51 PM Visits 726

Priorities in farm sector for Modi

The Food Security Act (FSA), food inflation, farmer’s profit on Minimum Support Price (MSP), FCI’s restructuring, export policies, GM crops, sugarcane prices are some of the vital issues that need immediate attention of the new Government that will be headed by Narendra Modi. Food Security Act: Though FSA was conceived for political populism by the UPA, it found no takers in the elections this time. After 35 days of its passage in September 2013, the Act’s implementation was deferred for a year for various reasons including the list of the targeted beneficiaries in various States not being ready. Apparently, FSA is a...

Last Updated: Tuesday, 20th May, 2014 06:50 PM Visits 420