ET ME START by wishing readers of this column a very happy, peaceful, and prosperous new year.
What could I wish for Indian agriculture, a subject that has been my lifelong passion and commitment? My dream would be to see vibrant and sustainable agriculture which is climate-resilient, increases productivity, brings prosperity to peasants, and, above all, improves the real wages of farm workers who are literally at the bottom of the economic pyramid.
It is only by raising productivity that India can rein in food inflation, which has been playing spoilsport lately. Vegetable inflation, at 29% (and potato inflation of 67%) in November 2024, has humbled the Reserve Bank of India (RBI), not allowing it to reduce the repo rate. That is simply tragic.
The India Meteorological Department has made it clear that 2024 was the warmest year since 1901, and the temperatures were 0.9°C higher in 2024 than the long period average.
Earlier studies by scientists of the Indian Council of Agricultural Research predicted that an increase in temperature by 1°C ran the risk of reducing wheat output by 5%. Wheat is likely to be the most impacted by heat spikes in February when grain formation is taking place.
Although the Prime Minister released 109 varieties of various crops (including wheat) that are supposed to be climate-resilient, the challenge of taking them from the scientists' labs to farmlands remains daunting. This is because the government's agri-extension network is the weakest link in the production system.
Agri-R&D as well as agri-extension need a major boost in the coming Budget if Indian agriculture is to be climate-resilient.
هذه القصة مأخوذة من طبعة January 06, 2025 من Financial Express Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 06, 2025 من Financial Express Bengaluru.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
CAG red flags expenses by firm behind RRTS
Matter Under Investigation
Court Acquits Khaleda Zia in 10-Year-Old Sabotage Case
A court in Bangladesh acquitted BNP Chairperson and former prime minister Khaleda Zia on Wednesday in a sabotage case filed in the southeastern Cumilla district 10 years ago.
Netflix posts a record quarter thanks to sports, 'Squid Game'
NETFLIX CLOSED 2024 with its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game.
Slow growth in foldable phones demand: Oppo
CHINESE SMARTPHONE MAKER Oppo said the company is not keen on launching foldable phones in India presently as the demand is yet to pick up for the product segment across the industry.
Retail space leasing in malls falls 10% in 2024
LEASING OF RETAIL spaces in shopping malls and high streets fell 10% last year to 6.4 million sq ft across eight major cities due to supply constraints, from 7.1 million sq ft in 2023, according to CBRE.
H-1Bs fill key skills gap: Nasscom
Reducing Reliance
Healthcare gets tech booster dose
AI, ML and IoT can make healthcare more inclusive
Israel-Hezbollah truce set to extend beyond next week
THE CEASEFIRE AGREEMENT that paused the war between Israel and the Hezbollah militia in Lebanon will likely be extended when it expires next week, according to several people familiar with the matter.
Hints at Possible Russia Sanctions if Ukraine Issue Fails
US PRESIDENT DONALD Trump has said he is ready to meet his Russian counterpart Vladimir Putin anytime, but at the same time warned that he would likely impose sanctions on Russia if the latter does not come to the negotiations table on the issue of Ukraine.
Jute MSP increased by 6% to ₹5,650/quintal
THE CABINET COMMITTEE on economic affairs on Wednesday hiked the minimum support price (MSP) of raw jute by 6% to ₹5,650/quintal for the 2025-26 marketing season.