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Swadeshi test for GM Mustard

NEW DELHI: A locally developed variety of genetically modified (GM) mustard seed is not swadeshi enough for the Swadeshi Jagran Manch, which is ready to launch an agitation against it, saying the genetic material was developed by Bayer and the government is being misguided about its safety and benefits.   Deepak Pental, the scientist who led the effort to develop the GM mustard seed, is confident that it will be approved, although for the moment, the Supreme Court has asked the Centre to seek public opinionbefore taking any step to launch it.   Ashwani Mahajan, co-convener of the Swadeshi Jagaran Manch, is staunchly...

Last Updated: Thursday, 3rd November, 2016 11:26 AM Visits 304

Telangana govt to bring new Seeds Act to rescue of farmers

Hyderabad: Stung by spurious seeds and huge losses to farmers, the Telangana state government is bringing in a new Seeds Act. The draft Act is ready and it will be introduced in Assembly in the forthcoming winter session, mostly likely this month. The Act is basically aimed at ensuring fair compensation to farmers who lose crops due to spurious seeds and severe punishment to manufacturers and sellers of spurious seeds in the state. “The state government will bring in a new Seed Act this Assembly session. It is to ensure compensation to farmers who are put to loss due to sale of...

Last Updated: Wednesday, 2nd November, 2016 11:25 AM Visits 286

Cabinet may hike rabi pulses minimum support price by up to Rs 600/quintal

NEW DELHI: As preparations begin for the rabi sowing season, the Cabinet is expected to take a call on a proposal to hike minimum support price (MSP) by up to Rs 600/per quintal for pulses.   The cabinet, headed by Prime MinisterNarendra Modi, is also likely to approve increase in wheat MSP by Rs 100 to Rs 1,625 per quintal for the 2016-17 rabi crop (winter) against Rs 1,525 per quintal last year.   "The Agriculture Ministry's proposal on rabi crops MSP is expected to come up for discussion before the cabinet anytime soon as sowing of winter crops like wheat will start...

Last Updated: Tuesday, 1st November, 2016 11:12 AM Visits 234

Sugar mills likely to default on debt worth Rs 11,000 crore

Several unfavourable moves from the government in terms of capping sugar prices, removal of excise duty exemptions and non-payment of production subsidies etc are set to result in Indian sugar millsstaring at default Rs 11,000 crore of debt on the repayment schedule for these loans, which were provided by the government two years back in the form of excise duty term loans and soft loans, has started since May this year.   Sugar industry representatives and experts foresee lenders declaring these loans turning into non-performing assets, warranting debt restructuring initiatives. In the financial year 2014-15, sugarcane prices crashed due to surplus production...

Last Updated: Thursday, 20th October, 2016 02:18 PM Visits 249

More than 50% of onion procured by centre and state govt rots in warehouses

More than 50% of the onion procured by the central and state agencies has already rotted as the wholesale prices of the bulb have crashed 80% in the country’s largest due to record production.   Traders said they fear a further fall in prices next month when the kharif crop from Maharashtra will hit the market.   The average wholesale price of onion has tumbled to Rs 5.85 a kg at the Lasalgaon Agriculture Produce Market Committee in Maharashtra from Rs 32.48 in the year-ago month. Prices hit the lowest of this season at Rs 1 per kg on October 17. At the...

Last Updated: Thursday, 20th October, 2016 02:18 PM Visits 269

India's groundnut production to increase by 70%: SEA

PUNE: The kharif groundnut crop of 2016-17 is estimated at 54.80 lakh tonnes against 32.30 lakh tonnes in 2015-16 up by 70%, according to the estimate of industry body Solvent Extractors Association (SEA).   Groundnut is one of the major crops in kharif season and Gujarat is the prominent state growing groundnut. Since last 9 years, SEA Groundnut Promotion Councilconducting the Groundnut crop survey to assess the size and quality of the groundnut crop.   This year under leadership of Shri G.G. Patel, Convener, SEA Oilseed Crop Estimate Committee and Past President, a 20 members team visited the leading groundnut producing districts in...

Last Updated: Monday, 17th October, 2016 02:17 PM Visits 316

Natural Rubber supply will be short of demand from 2020, says ANRPC secretary general

Though there may be a small surplus of natural rubber in the market for the next few years, the supply will be short of demand from 2020 onwards, said Sheela Thomas, secretary general of Association of Natural Rubber Producing Countries (ANRPC).   Speaking at the ninth annual rubber conference of ANRPC, an inter-governmental organization of major rubber producing countries, at Guwahati on Monday, she said the price of natural rubber is not determined by demand and supply alone, but is strongly influenced by the general trend in commodity market, crude oil prices and exchange rate of currencies of major NR-exporting countries. Owing...

Last Updated: Monday, 17th October, 2016 02:17 PM Visits 265

Depleting green pastures, droughts make it an open field for animal feed firms

HYDERABAD: Fast-depleting green pastures across India as a fallout of rapid urbanisation and frequent droughts owing to inadequate monsoons, coupled with booming dairy industry is boosting the prospects of animal feed manufacturers, who are looking at adding capacities. Reports by various agencies, both private and public, indicate fast depleting green pastures allocated for animal grazing, which are currently at 7 per cent of total arable land and estimated to further plunge to around 6 per cent by 2020 and 5 per cent by 2030.  Awareness among the dairy farmers over the benefits of higher productivity through manufactured feed is also helping the animal...

Last Updated: Thursday, 13th October, 2016 10:41 AM Visits 356