Implementation of the price control order is subject to the ruling of the Delhi high court, which is to hear Mahyco Monsanto’s challenge to the decision.
The weather office had earlier issued warnings to farmers, particularly in Maharashtra, advising them to use hail nets and mechanical support.
FCI will start procuring the grain from Madhya Pradesh and Gujarat by March 16 and April 1 from Punjab and the rest of the country.
The government agencies will procure one lakh tonnes of pulses ,including masoor and gram in the coming days.
The weather office has forecast rains accompanied with thundersquall with hail over the wheat, corn and mustard belt of north west and central India in the next 24 hours.
Harsimrat Kaur Badal said that the Walmart can invest billions of dollars and set up multibrand retail stores on its own, enriching farmers with foreign capital.
Walmart and other global firms can invest a couple of billion dollars and set up multi-brand food stores on their own, says Food Processing Minister.
The Budget has also earmarked Rs 38,500 crore for the rural job guarantee scheme. Singh said the funds raised though the cess will be used to fund various farm initiatives.
Agriculture minister Radha Mohan Singh aims 4% farm sector growth in FY17 on Budget support, monsoon
The Budget presented on Monday has allocated Rs 35,984 crore for the agriculture sector and farmers’ welfare, with major thrust on irrigation programmes.
However, experts say it may take time for these steps to end rural distress that has risen after the monsoon failed in the past two years.
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