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: W17/V6-1
The Economic Times
How India achieved USD 50 billion export
target in agriculture sector-
The achievement of reaching the highest-ever
mark of USD 50 billion worth of agriculture
exports was attained through multiple steps taken
by the Department of Commerce to turn India into
the food basket for the world, said Commerce
Ministry officials on Sunday.Speaking to ANI,
the Commerce Ministry officials said that the
previous highest mark was in 2013-14 at USD 43
billion after which the exports saw a free fall of
sorts and suffered a USD 10 billion decrease in
the figure by 2016-17 after which Department of
Commerce identified four main reasons for the
decrease in Agri-exports .Click here
Business Standard
Agri ministry to start campaign to highlight
farm sector achievements -
Union Agriculture Ministry will organise a
campaign during April 25-30 to highlight the
achievements made in the farm sector since
independence and also create awareness about the
various programmes run by the Centre for the
benefits of farmers. The campaign 'Kisan
Bhagidari, Prathmikta Hamari' is being organised
under 'Azadi Ka Amrit Mahotsav' in association
with various other ministries, according to an
official statement.. Click here
Krishi Jagran
NCDEX Maintains Its Leadership in Agri
Derivatives- Clocks three years’ Best
Performance
National Commodity and Derivatives Exchange
Limited maintains its leadership position in
the agri derivatives segment with a market share
of 80 percent in this segment. Exhibiting a robust
performance in the financial year 2021-22 with an
average daily turnover value (ADTV) of Rs.
1,857 crores, 47 percent higher than Rs. 1,261
crores in 2020-21 and also higher than ADTV in
the pre-pandemic era 2019-20 of Rs 1,794 crs.
Click here
Money Control
Google collaborates with Indian agri-tech
platform to provide technology-led agri
solutions-
Agri-tech platform nurture.farm announced that it
has entered into a research collaboration with US
tech major Google to identify scalable and cost-
effective solutions for soil quality measurement
across farmlands in India. The deal aims to enable
farmers with informed decisions, which improve
their yield and profitability across seasons,
nurture.farm said in a statement. Click here
Press Information Bureau
One District One Product (ODOP) Workshop
held under the Kisan Bhagidari Prathmikta
Hamari Campaign, 2022 by the Ministry of
Food Processing Industries under the PMFME
Scheme-
To commemorate Azadi ka Amrit Mahotsav, an
initiative by the Government of India to celebrate
75 glorious years of progressive India, its rich
history, culture and great achievements, -"Kisan
w w w . na bs c h ol ar . n a b a r d. or g
Bhagidari Prathmikta Hamari" Campaign is
scheduled from 25.04.22 to 30.04.22.As a part of
the campaign, the Ministry of Food Processing
Industries, under the Pradhan Mantri
Formalisation of Micro food processing
Enterprises (PMFME) Scheme, organized the
ODOP-based workshop on the Processing and
Value addition of Walnuts in Kishtwar district,
Jammu and Kashmir. Click here
The Economic Times
4 lakh hectare under natural farming now;
Niti Aayog to prepare roadmap to scale up:
Agri-Minister
Agriculture Minister Narendra Singh Tomar on
Monday said about 4 lakh hectare has been
brought under natural farming so far as part of a
sub-scheme of the Paramparagat Krishi Vikas
Yojana and think-tank Niti Aayog will prepare a
roadmap to scale this up. While addressing a
national workshop on innovative agriculture, he
said the need of the hour is to do farming that
works in harmony with nature, reduces the cost of
production, ensures good-quality produce and
profits to farmer. Click here
Indian Express
NBFCs seek priority tag extension for agri,
MSME on-lending-
NBFC) lobby body FIDC has requested the
Reserve Bank of India to extend the 'priority sector'
tag to NBFCs for on-lending to agriculture and
micro, small and medium enterprises (MSME)
sectors by another year. The scheme made bank
credit to registered NBFCs (other than micro-
finance institutions) for on-lending to agriculture
and MSME sectors up to ₹10 lakh and ₹20 lakh per
borrower, respectively, eligible for classification as
a priority sector that ensures access to dedicated
funds at lower rates. It expired at the end of March
2022.Click here
Press Information Bureau
IFSCA Issues Framework for FinTech Entity
in International Financial Services Centers
(IFSCs)
The International Financial Services Centres
Authority (IFSCA), in furtherance of its mandate
to develop and regulate financial products,
financial services and financial institutions in the
International Financial Services Centres (IFSC)
and to encourage promotion of financial
technologies (‘FinTech’) across the spectrum of
banking, insurance, securities, and fund
management in IFSC has issued a
detailed“Framework for FinTech Entity in the
IFSCs”.The “Framework for FinTech Entity in
the IFSCs” is aimed at giving boost to the
establishment of a world class FinTech Hub at
GIFT IFSC comparable with other International
Financial Centers (IFCs). Click here
Mint
Centre goes soft on emission norms for
agriculture sector-
The government may again defer the date for
implementing new emission norms for farm
equipment, as it will result in higher prices of
tractors, combine harvesters and power tillers,
adding to the woes of the farm community amid
rising inflation. Click here
Compiled by: Mr. Pankaj Kumar Tripathi, FM
Mr. Maneesh Gupta, FM
Ms. Nidhi, JC
Shaping minds to excel
Date: 29/04/2022
The Economic Times
NBFC 'third party lending' set to come under
auditors' scrutiny-
Various funding arrangements entered NBFCs
are set to come under scrutiny of auditors with
effect from FY22 audit that starts in the next few
weeks.The ministry of corporate Affairs (MCA)
had tightened the rules for company audits last
year mandating companies to provide a new
declaration saying they have not lent money to an
intermediary with an understanding that the
intermediary will in turn loan, or fund, it to a third
company. Click here
The Economic Times
Satcomm to improve rural digital inclusion:
Report
Building last-mile connectivity and smoothening
right of way policies, reviewing spectrum
assignment and complementing fiber rollout with
new technologies such as satellite broadband,
Free Space Optical Communications (FSOC),
and millimetre Wave (mmWave) technologies
should be the policy focus to improve rural digital
inclusion, according to a new report by ICRIER.
Click here
Business Standard
NABARD to raise Rs 3.5 trn in FY23; bond
issuance seen at Rs 45,000 cr
The National Bank for Agriculture and Rural
Development (NABARD) is planning to raise Rs
3.5-3.6 trillion, including Rs 45,000 crore through
long-term bonds, in FY23.The balance will be
from the shortfall in priority sector lending (PSL)
and short-term instruments. G R Chintala,
chairman, NABARD, said the scale of fund
raising in FY23 was similar to what the institution
did in FY22.Click here
The Financial Express
Agri-credit disbursal exceeds target of Rs 16.5
trillion, says NABARD
NABARD has said that the banks and
cooperatives have disbursed Rs 17.09 trillion
worth of agriculture credit during 2021-22 against
a target of Rs 16.5 trillion. Releasing NABARD’s
financial results on Thursday, Chairman GR
Chintala said the share of crop loans is about Rs
10 trillion and the remaining Rs 7 trillion
disbursed for agri-infra and other long-term
projects. The farmers get crop loans at a 7% of
interest rate as the Centre subsidises 2% of
interest. But those farmers who promptly repay
the loan within the deadline get an additional
rebate of 3%, he said. Click here
Business Standard
India braces for sharp rise in edible oil rates,
but spike could be short
India’s edible oil markets braced for a sharp rise
in prices after Indonesia banned on palm oil
exports, but opinion was divided as to whether the
spike will sustain for long because the Southeast
Asia nation is sitting on a stockpile it must
liquidate. There will be an availability issue in the
short term and there is not much weight drop that
one can take beyond a point. Click here
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