1. What is the new portal about?
Last week, the government launched a new portal where farmers growing pulses can register and sell their produce directly to central agencies at the minimum support price (MSP). The move follows a spike in consumer prices which were 18% higher year-on-year in November 2023. Farmers often hesitate to grow pulses, preferring rice and wheat which government agencies procure at MSP to supply to the food security scheme. The Centre hopes the promise of assured purchase will get farmers to plant more pulses and cut imports. By end-2027, it expects India to be a net exporter of pulses.
2 What is the current supply gap?
In the past few years production of pulses was estimated at 27-28 million tonnes. Imports were 2.5 million tonnes in 2022-23. The shortfall is largely in varieties like arhar (pigeon pea), where lower production led to a surge in prices and imports. Other than pigeon peas, India also imports black gram and lentils. To increase domestic availability and cool retail prices, the government has allowed duty free import of pigeon peas, black gram and lentils till March 2025. While higher supply of imported pulses can help reduce local prices, it can also dissuade farmers from increasing the area under cultivation.
3 Can the country's pulses go the oilseeds way?
Bu hikaye Mint Mumbai dergisinin January 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin January 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
India in economic sweet spot, inflation to moderate: Moody's
India's economy is in a sweet spot and its inflation is expected to moderate despite a temporary spurt, Moody's said, projecting optimism about the country's growth prospects despite recent underwhelming data.
Incentive engine to drive modern ships
Subsidies for green, high-tech ships under ₹18,000 cr policy
Cement firms wage war on costs as competition soars
India's cement makers who once flexed their pricing muscles are caught in a bruising price war, eroding margins at a time of rising demand.
Saudi Arabia doesn’t have enough money for its futuristic city
The giant futuristic planned city of Neom is proving a headache for Saudi Arabia. Costs are up, schedules are delayed, and in recent days the world’s largest construction project replaced its chief executive of six years.
EV adoption is a marathon, not a sprint: Audi India
The slowdown in electric vehicle (EV) sales is temporary, and the industry will grow over time, Audi India head Balbir Singh Dhillon said, pointing to the need for extensive charging networks and supportive government policies.
India's trade gap with China soars in Apr-Oct
The country's green transition increases reliance on Chinese imports
14 nations eye India's generic drug model
Countries will specify their requirements, with HLL and MEA coordinating with them for the pharma exports
India urges $1.3 tn annual climate grant
Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.
Over 600 mn cyberattacks daily, AI can secure devices
Microsoft is developing a password-free authentication process to eliminate the risk of breaches
Small businesses ramping up cybersecurity, thanks to AI
Rising AI adoption is helping cybersecurity providers hike their marketable base in India