Hi, NewsWrap for March 07, 2023

07-March-2023: Agri Exports, Bengal Govt, IIT-Ropar, Farm Machinery Banks, UP Govt Plans to Double Millet Area

7 March 2023

  • Agri Exports Increased 10% to USD 21.8 billion in April-January

    Exports of agricultural and processed food products increased by 10% to USD 21.79 billion in the first ten months of the current fiscal year (2022-23), driven by a surge in shipment of rice, fruits and vegetables, livestock, and dairy products. This occurs at a time when India's merchandise exports fell by 6.59% year on year to USD 32.91 billion in January 2023 due to a slump in global trade and a slowdown in domestic investment and consumption demands. However, from April to January 2022-23, the country's merchandise exports increased by 8.51% to USD 369.25 billion.

     

  • Bengal Govt Announces No Income Tax on Agri Products for Next 2 Years

    According to West Bengal's Finance Minister Chandrima Bhattacharya, the state government has determined that farmers will not be required to pay income tax on any agricultural products for the ensuing two fiscal years. The state administration has also declared the temporary suspension of two types of cess on unprocessed tea leaves. Bhattacharya stated that the current exemption period for agricultural income tax expires on March 31 while presenting the Finance Bill to the legislature.

     

  • IIT-Ropar to Organize 2nd G20 Education Working Group Meeting in Amritsar from March 15

    The second G20 Education Working Group meeting will be held in Amritsar from March 15 to 17, with a focus on identifying relevant policies and best practices for research and innovation, according to officials on Monday. The theme of the meeting is "Strengthening Research and Innovation through collaboration". The event, according to IIT-Ropar Director Rajeev Ahuja, will help ensure a roadmap for multi-partner collaborations to facilitate accessibility and provision of research materials, bridging the gap between industry and academia, and discovering and identifying relevant policies and practices for research and innovation.

     

  • CM Yogi Adityanath Gives Holi Gift to Farmers! Flags Off 77 Tractors for Farm Machinery Banks

    Yogi Adityanath, the CM of Uttar Pradesh, flagged off 77 tractors for farm machinery banks established in cooperative sugarcane and sugar mill societies. He also asserted that no farmer in Uttar Pradesh had become helpless and attempted suicide in the previous six years. "Today is going to be a historic day for the sugarcane farmers," Yogi said, "because on the eve of Holi, Rs 2 lakh crores will be sent directly to the farmers' bank accounts through DBT."

     

  • UP Govt Plans to Double Millet Area to 2.5 mn Hectares

    Millets can be used to make a variety of low-risk, climate change-resistant products. Because of this, the state has decided to promote the growth of these nutrient-dense cereals in the areas that receive rainwater. The Uttar Pradesh government is aiming to double the planted area of indigenous foodgrains, shortly after Prime Minister Narendra Modi christened millets as ‘Sri Anna’. The state wants to expand the area planted with millets from roughly 1.1 million hectares to more than 2.5 million hectares. With jowar, bajra, kodo, ragi, kottu, and sanwa in its basket, UP is one of the top millet-producing regions in India.

     

On the news

7 March 2023

That's it for for 7 March 2023
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