India is well positioned to benefit from the increased global demand for steel, aluminium and foodgrains -- wheat and rice, said brokerage house ICICI Securities.
Foodgrains production is estimated to reach an all-time high of 316.06 million tonnes (kharif and rabi crops), which is 1.71 per cent more than last year
Nearly 20 lakh tonnes of foodgrains have been distributed for free so far to eligible beneficiaries under the fifth phase of Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).
India achieved record foodgrains production this year but the withdrawal of three agri-reform laws and spike in cooking oil prices cast a shadow on the country's resilient agriculture sector
"Today's Cabinet decision will benefit 80 crore Indians and is in line with our commitment of ensuring greater public welfare," Modi said on Twitter
The Centre will incur an additional expenditure of around Rs 53,344.52 crore because of the extension
The Union Cabinet on Wednesday decided to extend till March the free foodgrains supply under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) to provide relief to ration cardholders. The 5 kg foodgrain per person per month is being provided free of cost to more than 80 crore beneficiaries under the PMGKAY. The scheme was initially launched for three months from April 2020 to provide relief to poor people amid the COVID-19 pandemic, leading to the nationwide lockdown. It has been extended several times since then. The 5 kg foodgrain is being provided over and above the normal quota under the National Food Security Act (NFSA). The PMGKAY has been extended by four months till March 2022, informed I&B Minister Anurag Singh Thakur after the Cabinet meeting. This will cost an additional Rs 53,344 crore to the exchequer, he said, adding that the total cost of PMGKAY would reach about Rs 2.6 lakh crore, including this extension. The PMGKAY was provided for three months (April-June ..
Food Secretary Sudhanshu Pandey said the government is encouraging ethanol production not only from molasses but also from foodgrains like maize and rice to achieve the blending targets
The Centre has allocated nearly 60 million tonne of foodgrains for free distribution under Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) to provide relief to ration card holders amid the pandemic
India's foodgrain production is likely to touch record 150.50 million tonne in the ongoing kharif season on better rice output amid good monsoon, the agriculture ministry said on Tuesday.
The data shows that over the past 10 years, not only horticulture but the production of eggs, meat, milk and also fruits and vegetables have been faster than conventional foodgrain
States have lifted 15.30 lakh tonnes of foodgrains so far for free distribution under the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY).
The India Pulses and Grains Association (IPGA) on Saturday expressed shock over the government imposing stock limits on pulses till October, in a bid to prevent hoarding and check price rise.
Commission for Agriculture Costs and Prices calls for comprehensive review of the PM-ASHA scheme for oilseeds, pulses procurement
The government may not have to tap the bond market for the funds to finance free inoculation.
After today, extension, the additional subsidy requirement under PMGKAY-3 at the current rate should swell to over Rs 90,000 crore, including Rs 26,000 crore for the first two months
Agri sector did quite well in a pandemic year
Registration and distribution bottlenecks put question marks on implementation
India's foodgrain production is estimated to rise 2.66 per cent to a new record of 305.43 million tonnes in the current crop year 2020-21, on better output of rice, wheat and pulses
But they have distributed less than three per cent so far, data provided by the food ministry showed