Top 10 News Of The Week (5 December to 11 December)

Weekly round-up of the top 10 news Weekly round-up of the top 10 news

Want to know what is going on in the agricultural sector of India? Here’s a round-up of the top 10 news.

1. Tomato Prices Skyrocket To ₹140/kg In Southern India

Retail prices of tomatoes have skyrocketed to a high of 140 per kg in some parts of southern India as supplies have been hit due to heavy rains. Tomato prices are ruling high since September-end in most retail markets of the country but there has been a sharp rise in southern states of late due to continuous rains.

All India average modal price of tomato has remained high at 60 per kg for over a couple of weeks now. Read more here.

2. States To Distribute Jowar & Ragi Within 6-7 Months

The Centre has allowed state governments to distribute jowar and ragi within 6 and 7 months, respectively. This time it is going to happen from the end of the procurement period against 3 months earlier, as part of its efforts to boost the supply of coarse grains through ration shops and other welfare schemes.

The procurement of coarse grains was regulated by the 2014 guidelines, under which states were allowed to procure coarse grains from farmers at MSP under the central pool. Read more here.

3. India Exports 9.39 Lakh Tons Of Sugar So Far

Sugar mills have exported 9.39 lakh tons of the sweetener till the first week of December during the ongoing 2021-22 marketing year. All India Sugar Trade Association (AISTA) said that they are not in a hurry to sell further stocks in view of the sluggish global price trend.

It has also added that about 4.68 lakh tons of sugar are in transit. Also, mills have contracted to export 33 lakh tons of sugar without the government subsidy so far in the 2021-22 marketing year. Read more here.

4. NABARD Projects ₹36,292 Crore Credit Potential For Assam

National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of ₹36,292 crore for the state of Assam for the financial year 2022-23. NABARD launched the State Focus Paper which is the consolidation of exploitable district-wise realistic potential, both in physical and financial terms in the state of Assam.

The credit potential is 12% higher than the previous year. Read more here.

5. Government Procures Paddy Worth Nearly ₹64,000 Crore At MSP

The government has procured 326 lakh tons of paddy so far in the 2021-22 kharif marketing year at the minimum support price (MSP) for nearly ₹64,000 crore. An official said in a statement that Paddy procurement is progressing smoothly in the Kharif Marketing Season (KMS) 2021-22 from farmers like it was done in the previous years.

The KMS runs from October to September. Till now about 25.94 lakh farmers have been benefitted from the procurement with the MSP value of ₹63,897.73 crore. Read more here.

6. Committee Formed To Make MSP More Effective & Transparent

Union Agriculture Minister Narendra Singh Tomar on Friday said Minimum Support Price (MSP) for crops would continue. Prime Minister Narendra Modi had set up a committee to make the mechanism more effective and transparent.

Queried on the shortage of fertilizers in the country, the minister said farmers were getting it in full quantity and would continue to do so. Read more here.

7. Centre Disburses ₹2,071 Crore Loan For Projects Under Agri Infra Fund

Agriculture Minister Narendra Singh Tomar said the government has so far disbursed ₹2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund.

In a written reply to the Lok Sabha he said that a total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of ₹6,098 crore. He said that out of this amount, ₹2,071 crores have been disbursed for 4,003 projects. Read more here.

8. Dubai To Showcase Agricultural Commodities & Vegetables Of Kashmir

Kashmir’s vegetables, cereals, and other commodities are being showcased in Dubai (UAE), by the Department of Agriculture (Kashmir) in collaboration with LuLu Group, an international marketing group. The Department of Agriculture Kashmir under the supervision of Principal Secretary AP&FWD, Navin Kumar Chowdhary is working on a long-term ambitious plan to strengthen the agriculture sector in J&K.

Several initiatives including an integrated farming approach, diversification of agriculture, etc. are also introduced. Read more here.

9. APEDA Organises Agri-Export Conference Cum Buyer Seller Meet

For harnessing agricultural and processed food products exports potential from eastern Uttar Pradesh, APEDA organized ‘Agri-Export Conference cum Buyer Seller Meet’ at Mirzapur. The Union Minister of State of Commerce and Industry, Anupriya Patel, and more than 700 farmers, exporters and farmers attended the conference.

Anupriya Patel said that the increase in agricultural and processed food products exports from Purvanchal will boost India’s foreign exchange earnings and bring more employment opportunities for farmers. Read more here.

10. ChargeERP Can Provide 7 Types Of Bills & Reports Now!

ChargeERP, the easiest, fastest, and most secure mandi accounting software from Bijak has recently introduced a new type of report i.e., Ugrahi Register. This will be the 7th type of Bills and Reports available in the software.

Accessible from the ‘Bills and Reports’ section, the aim of Ugrahi register is to show the closing balances of the customers along with how they came to their current values. The important fields it shows are ‘Opening Balance’ based on the date range selected, ‘Debit value’, ‘Credit value’, and ‘Closing Balance’ based on a date range.

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