New Delhi, July 20 (IANS) India ranks first globally in acreage and second in production and consumption of cotton, with the country’s cotton production standing at 290.91 lakh bales in 2025-26 while domestic consumption reached 328 lakh bales during the same period, according to an official factsheet issued on Monday.The sector contributes nearly 19 per cent of global fibre production, according to the government.Recent interventions by the government to promote the production of cotton focus…
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New Delhi, June 5 (IANS) The agriculture and allied sector’s gross value added rose from Rs 20.9 lakh crore in 2014‑15 to Rs 48.7 lakh crore in 2023‑2024, accounting for about 18 per cent of total GVA, supported by sustained policy focus and increased public investment, an official statement said on Friday.The agricultural sector registered a compound annual growth rate of 8.83 per cent at current prices over the period and that crop GVA alone climbed from Rs 12,92,874 crore in 2014‑15 t…
New Delhi, May 5 (IANS) Union Agriculture and Farmers’ Welfare Minister Shivraj Singh Chouhan has approved an additional outlay of Rs 4,886.46 crore to buy sunflower and more gram at the minimum support price (MSP) to benefit farmers in Karnataka and Maharashtra, according to an official statement issued on Tuesday.Approving a proposal from the Karnataka government, Chouhan sanctioned the procurement of 9,023 metric tonnes of sunflower under the Price Support Scheme (PSS) for the Rabi 2026 sea…
New Delhi, March 18 (IANS) In a key step towards farmer welfare, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved minimum support price (MSP) funding of Rs 1,718.56 crore to the Cotton Corporation of India (CCI) for the cotton season 2023–24.The funding aims to provide direct price support to cotton farmers across the country.During the 2023–24 cotton season, the area under cultivation was estimated at 114.47 lakh hectares, with…