Under the Bhavantar Bhugtan Yojana, the state pays a portion of the loss incurred by farmers for selling below the MSP, capped up to a limit.
The NITI Aayog, in a concept note floated a few months back, had suggested three models of procurement but the Centre, at least for the time being, has decided to rely on existing PSS schemes along with giving states the option of choosing Bhawantar Bhugtan for oilseeds.
The farmers threatened to intensify their agitation and block more roads if the government did not accept their demand.
Before bidding farewell to Singhu, some farmers performed havans and sang kirtans, and some danced to bhangra songs to mark the day as 'Vijay Diwas'.
Agriculture credit jumped seven-fold to Rs 7,00,000 crore (Rs 7 trillion) in the past ten years of UPA government, boosting foodgrains output to a record and enabling enactment of food law.
He also said that train services will resume after the state government and protesting farmer unions assure the safety of the tracks. Tomar and Union Food, Commerce and Railways Minister Piyush Goyal held a day-long meeting with representatives of various farmer unions at Vigyan Bhawan in New Delhi.
Shetti said the SSS had committed a "grave mistake" by extending support to the NDA.
There has been some improvement in prices of oilseed and gram after the central government increased their import duties
The joint Opposition including the Congress, the Dravida Munnetra Kazhagam, the Trinamool Congress, the Left, the Telangana Rashtra Samithi and the Aam Aadmi Party did not join the Question Hour of the session when the House reassembled after its first adjournment till noon.
India's food security concern at WTO needs solution: Modi
'The stockbroker should have a good balance sheet to support its scale of operations. It should also have proper risk management in terms of margins so that it doesn't go bankrupt during extreme market movements.' 'The broker must have a track record of navigating several market cycles in an ethical and transparent manner.'
In a statement in Hindi, she said governments and their leaders who ignore public sentiments in a democracy cannot govern for long and it is now quite clear that the protesting farmers will not bow in the face of the Centre's policy of 'tire and pushover'.
Retail inflation during the first month of the current fiscal stood at 2.9 per cent, down from 4.6 per cent a year ago. Food inflation based on Consumer Food Price Index declined to a low of 0.1 per cent during the financial year 2018-19, the survey said.
In the wake of farmers' tractor rally turning violent, the Centre on Tuesday decided to deploy additional paramilitary troops in Delhi to restore peace and maintain law and order, officials said.
Haryana Bharatiya Janata Party leader Birender Singh on Monday threatened to quit the party if does not sever ties with the Jannayak Janta Party, which he accused of indulging in rampant corruption in the state.
Petrol and diesel prices on Thursday climbed to fresh highs in the country as rates were hiked by the most in recent times, even as fuel retailers said the government can cut taxes to ease consumer burden. Petrol and diesel price was hiked by 35 paise per litre each after a gap of a week, according to price notification of state-owned fuel retailers. The increase took petrol prices to a fresh high of Rs 86.65 a litre in Delhi and to Rs 93.20 in Mumbai.
With farmers on Thursday blocking railway tracks across the country, at stations big and small, protesters at Singhu said it proves that the agitation is not just limited to Punjab and Haryana.
Prime Minister Modi took over power in mid-May with high expectations that it would strengthen India's fragile macro economy and faltering investment and growth.
Niti Aayog CEO Amitabh Kant on Tuesday said it is difficult to carry out tough reforms in India and emphasised that more reforms are needed to make the country competitive in the global environment. Addressing a virtual event organised by Swarajya magazine, Kant said for the first time, the Centre has carried out hard reforms across sectors, including mining, coal, labour, agriculture, and the next wave of reforms must be pushed by the states.
Three union ministers -- Agriculture Minister Narendra Singh Tomar, Food Minister Piyush Goyal and Minister of State for Commerce and Industries Som Prakash -- will hold discussions again with 40 farmer unions' leaders, including the Bharatiya Kisan Union which is spearheading the protests.
Shetkari Sanghatana president Anil J Ghanwat said the panel's report was in 'favour of farmers' and will decide next week on releasing the report in the public domain.
He also urged people demonstrating against the laws across the country to observe a day-long hunger strike at their respective protest sites.
'Interestingly in spite of slightly more than half (52%) the respondent farmers opposing the three new agri laws, almost 44% respondent farmers said the Modi government was 'pro-farmer'
The minister also hoped that a resolution should be reached before the year ends and asserted that the Modi government is committed to address all genuine concerns of the farming community.
The GDP growth is estimated to come at the "deceptively high" level of 20 per cent for the April-June 2021 quarter but is far below the same in the pre-COVID times, rating agency Icra said on Wednesday. Icra said the low base of the last year, when the GDP had contracted by close to 24 per cent, "conceals" the impact of the second wave of COVID-19 infections. Economic activity is boosted by robust government capital expenditure, merchandise exports and demand from the farm sector, it said, estimating the GDP to grow by 20 per cent and the gross value added (GVA) will register a growth of 17 per cent for the June quarter.
Electoral politics is going to be an important part of farmer protests going forward.
BKU (Bhanu) president Thakur Bhanu Pratap Singh told reporters he was deeply pained by whatever happened during the tractor parade in Delhi on Republic Day.
Stepping up protest against the Centre's paddy procurement policy, Telangana Chief Minister K Chandrashekar Rao on Monday led a dharna in the national capital organised by his party, and warned the Modi government to respond within 24 hours if it will buy the grain from the state.
For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
Inflation has remained a major concern.
The Congress's motion of no confidence against the Bharatiya Janata Party- Jannayak Janata Party government in Haryana was defeated on Wednesday with 55 members of the assembly voting against the motion while 32 members from the opposition camp backed it.
The 'pizza langar' has hogged headlines and garnered compliments from different quarters, and also brickbats from a certain section.
Tikait says PM Modi was supporter of MSP law when he was CM
The decision to roll back the farm laws will go a long way in placating the community, which had backed the saffron party wholeheartedly in the 2014 and 2019 Lok Sabha polls besides the 2017 assembly polls, and may queer the opposition's pitch for forging a social alliance of Jats and several smaller communities with Muslims, another numerically strong group in the region, against the BJP, its leaders hope.
India summoned Canadian High Commissioner Nadir Patel, and told him that the comments made by Prime Minister Justin Trudeau and others in his cabinet on the farmers' protest constituted an 'unacceptable interference' in the country's internal affairs and these actions, if continued, will have a 'seriously damaging' impact on the bilateral ties.
A delegation of farmers will meet Agriculture Minister Narendra Singh Tomar on Thursday, said the spokesperson of Bharatiya Kisan Union.
High frequency indicators suggest that a growth recovery is underway, but very tentatively and with weak legs, says Saugata Bhattacharya.
The minimum support price for the rabi season will not radically alter the falling trajectory of farm incomes
West Bengal Chief Minister Mamata Banerjee on Wednesday assured farmer leaders led by Rakesh Tikait and Yudhvir Singh of support to their agitation against the new agriculture laws.
In the early part of 1800, a 30-acre plot next to Fort Gloster on the banks of river Hooghly in Howrah district of Bengal was the nerve centre of industrial activity; it housed India's first steam-powered cotton mill, Bowreah Mills, which was set up by a British merchant and went on to become a hub of factories - a rum distillery, foundry, cotton yarn factory, an oil mill and a paper mill, et al. Spearheaded by Dwarkanath Tagore, the industrialist grandfather of Rabindranath Tagore, the commercial complex was possibly the first of its kind in the country. Close to 200 years later, after much ebb and flow of history, the hub is set for a resurgence of sorts.
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