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US can restore India's trade benefits, but a $6-bn condition apply

US wants India to buy another $5-6 bn worth of poultry and farm goods for reinstatement of GSP benefits.
The Economic Times

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WHEAT PROCUREMENT

Indian Navy cutting down on procurement due to Budget cuts

The rationalisation process has been initiated after consecutive budgets where projected demands of the Navy have not been met. In the current budget, for example, the Navy was allocated Rs 41,259 crore against the projected amount of Rs 64,307 crore, which officials say is not even adequate to continue annual payments for acquisition contracts already signed.

Wheat sowing area touches 33 million hectare, raises hopes of record output

According to latest data released by agriculture department, the ...

Ministry wants update on grain procurement

The food ministry has directed the states to regularly update data on the purchase of foodgrains a...

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  • Launching this farmer friendly mobile app, Chairman Mandi Board Laal Singh said that this endeavour would also empower the arthias and general public with the online licensing and the availability of actual rates of fruits and vegetables in ‘Apni Mandis’ from various locations within Punjab.

    To check the stock availability and bogus paddy procurement, verification of 1304 rice mills in the State was done. The verification process, which was videographed, showed a shortfall of 42,589 metric tonnes (MT) in 1207 Rice Mills.

    Now an FIR has been registered against a Kanpur-based firm and its operator in connection with negligence in distribution of free sweaters to students of state government-run primary and junior high schools.

    The government will create temporary storage facility for 10 million tonnes of grain to create space for fresh wheat procurement from April.

    No yellow rust has been reported across the wheat-sown area.

    Live water storage in reservoirs in the southern states of Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu is 76% of their capacity of 52.8 bcm as of this week, according to CWC. The storage was 48% of capacity a year ago while the 10-year average is 54%.

    The panel has also suggested that additional funding should be given to the Integrated Defence Staff (IDS)-comprising personnel from the army, air force and navy- so that it is able to meet its operational requirements. The IDS will function under the CDS. It has also suggested that indigenisation should be improved to reduce dependence on defence imports.

    The state government has started working with farmers to bring traceability of organic produce growing in farms and expects the proposal to boost farmers’ income and help e-commerce companies like Amazon, Tata Mjunction and Grofers and retailers like Walmart maintain steady and quality supply of these food items.

    Export Import Bank of India entered into an agreement on April 11 with Bangladesh's Armed Forces Division for making available to the latter a Government of India-supported line of credit (LoC) of USD 500 million, the RBI said in a notification on Friday. The LoC is for the purpose of financing defence-related procurement in Bangladesh, it said.

    Traders on Delhi’s Lawrence road said that at a fixed price of Rs 2,190 a quintal, wheat was being released under the Open Market Sale Scheme (OMSS) to bulk buyers from the FCI godowns.

    The sown area of mustard in Rajasthan—the largest producer of the oilseed—has shrunk to around 2.1 million hectares this winter from 2.5 million hectares a year ago. Mustard seed prices generally follow an uptrend during winters when mustard oil is widely used for body massage.

    The initial arrivals this year have not been good due to extended rains across Maharashtra, Gujarat, Telangana and parts of Rajasthan that affected the quality of the fibre. Traders said the quality has improved now in the North, but in western India, the crop was with high moisture content.

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