Sector: Agriculture
Government move to bring down FCI borrowings, reduce food subsidy outgo
In a move that will help Food Corporation of India (FCI) to reduce its borrowings from banks and save around Rs 750 crore annually, govt on Friday increased authorised capital of the corporation from Rs 10,000 crore to Rs 21,000 crore. This move will also reduce the overall food subsidy. FCI is responsible for procurement … Read more
India looking to create special farm sector indices to lift agri productivity and incomes
India is looking to create special farm sector indices as part of a wider plan focused on targeted policy interventions to lift agri productivity and incomes after efforts to introduce reforms in the sector, through the later recalled farm laws, failed to take off. A senior government official told ET that the preparatory work had … Read more
MS Dhoni launches Made-in-India camera drone ‘Droni’
Indian cricket star Mahendra Singh Dhoni on Sunday launched a ‘made-in-India camera drone’ named ‘Droni’ with advanced features manufactured by Garuda Aerospace. It has ventured into the consumer drone market with ‘Droni’, according to the news agency ANI. Dhoni is the brand ambassador of Garuda Aerospace, a company that has attempted to offer drone solutions … Read more
India looks to cash in on global wheat void post Ukraine war
While farmers stand to gain from exports amid a bumper harvest, food security campaigners urge caution Russia and Ukraine account for about 25% of the world’s wheat exports. However, Russia’s invasion of Ukraine and the subsequent Western sanctions against Moscow have curtailed their wheat supplies drastically. As a result, many countries which were sourcing wheat … Read more
Ukraine war threatens to cause a global food crisis
The war in Ukraine has delivered a shock to global energy markets. Now the planet is facing a deeper crisis: a shortage of food. A crucial portion of the world’s wheat, corn and barley is trapped in Russia and Ukraine because of the war, while an even larger portion of the world’s fertilizers is stuck … Read more
Ninjacart gets Walmart funds
Ninjacart, a business-to-business marketplace for agricultural produce, said on Monday it has raised $145 million (Rs1,095 crore) in a fresh round of funding from existing investor Walmart Inc. and its Indian e-commerce arm Flipkart. Ninjacart will utilize this capital for technology upgradation and better infrastructure to organize, empower and enhance the lives of agri-value chain … Read more