Sign In
Learn bits
Economy
Mahesh

07/07/22 05:33 AM IST

Union Agriculture Minister inaugurates the joint conference of ICRIER and NSE

In News 
  • The Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar virtually inaugurated the joint conference of the Indian Council for Research on International Economic Relations (ICRIER) and National Stock Exchange (NSE) from Gwalior.
Significance 
  • The conference on "Getting Agricultural Markets Right" has been organized jointly by ICRIER, one of the leading economic think tanks of the country, and the world's largest exchange, - NSE.
  •  India’s organic products are in demand across the world and despite the adverse conditions like corona epidemic, agricultural exports from India touching Rs. 3.75 lakh crores is a good sign.
  • In such a scenario, we must sustain the quality of our agricultural products and ensure it meets the global standards.
  • The work of setting up 10,000 Farmers Producer Organizations (FPOs) has started in the country with an expenditure of Rs 6,865 crore.
FPO 
  • FPOs constitute about 85 percent of small farmers in the country.
  • Under the umbrella of the FPOs, the farmers gain by expanding their area of ​​cultivation resulting in higher volumes of production, they also get better quality seeds and fertilizers and can avail convenient loans, all of which will increase the overall income of farmers and improve farming.
  • The government has arranged custom hiring centers at various places and farmers are also being given subsidy for agricultural implements.
  • Earlier, the doors of private investment in the agriculture sector were often closed, but now efforts are being made to bring facilities like warehouses, cold storage, packaging machines etc. to the villages, for which the Center has earmarked a special package worth Rupees 1.5 lakh crore in agriculture and allied sectors.
  • Agriculture Infrastructure Fund (AIF) has been set up with an investment of more than Rs.1 lakh crore.
Source- PIB 

More Related Current Affairs View All

07 Oct

Supreme Court strike down discriminatory rules across state prison manuals

'The Supreme Court recently struck down numerous rules from state prison manuals that date back to the colonial era, saying these rules "reinforce caste differences" among prisoner

Read More

07 Oct

Gir forest eco-sensitive zone

'Recently, the Union Ministry of Environment, Forest and Climate Change (MoEFCC) published a draft notification, proposing to notify 3,328 square kilometres around the Gir forest i

Read More

05 Oct

An obsession with ranking is harming India’s universities

'In this digital age, we reduce everything to numbers.' This trend has consumed the education ecosystem, as seen in the rise of global ranking agencies, which assign ranks to un

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps