Hi, NewsWrap for April 25, 2024

25-April-2024: NABARD and RBI, India's First Multi-purpose Green Hydrogen Pilot Project, ICAR-IISS, India's Agriculture Set for 6% Growth in FY2, Agri Exports

25 April 2024

  • NABARD and RBI Innovation Hub Team Up for Revolutionizing Digital Agri Lending

    In a landmark partnership aimed at revolutionizing digital agri lending, the National Bank for Agriculture and Rural Development (NABARD) will integrate its e-KCC loan origination system portal with the Public Tech Platform for Frictionless Credit (PTPFC) of Reserve Bank Innovation Hub (RBIH).

  • SJVN Inaugurates India's First Multi-purpose Green Hydrogen Pilot Project

    India’s first Multi-purpose Green Hydrogen Pilot Project was inaugurated at the 1500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh, by Satluj Jal Vidyut Nigam (SJVN), marking a momentous occasion. The inauguration ceremony, held on April 24. 2024, was graced by Geeta Kapur, Chairman & Managing Director of SJVN, who inaugurated the 20Nm3/hr Electrolyzer and 25kW Fuel Cell Capacity-based state-of-the-art Green Hydrogen Pilot Project.

  • ICAR-IISS Hosts National Campaign on Soil Health Management and Composting under LiFE

    As part of the government's LiFE (Lifestyle for Environment) mission, the ICAR-Indian Institute of Soil Science (IISS), Bhopal, organized a National Campaign on April 23, 2024, bringing attention to soil health management and composting. This initiative showcases the institute's pioneering efforts in developing various composting technologies, such as vermicompost, enriched composts, Ekcel decomposer, family net vessel composting, and rapo-decomposer. These innovative methods are instrumental in transforming agro-waste into invaluable composts, addressing the pressing need for sustainable agricultural practices.

  • India's Agriculture Set for 6% Growth in FY25

    In the fiscal year 2024-25, agricultural output growth is anticipated to reach a five-year high of over 6%, supported by a normal monsoon and a low base effect. The India Meteorological Department predicted above-normal monsoon rainfall, signaling relief for agriculture after recent challenges. Despite challenges faced in the previous fiscal year, including El Niño impacts, the outlook for the current year appears optimistic.

  • Global and Domestic Factors Drive 9% Drop in Agri Exports to $43.7 Billion

    During the April-February period of the 2023-24 fiscal year, India saw a notable decline of 8.8 percent in its agricultural exports, amounting to $43.7 billion. This drop was attributed to various factors including the Red Sea crisis, the Russia-Ukraine conflict, and domestic restrictions on key commodities like rice, wheat, sugar, and onions. In comparison, the commerce ministry's data revealed that exports had reached $47.9 billion during the same period in 2022-23.

On the news

25 April 2024

That's it for for 25 April 2024
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