Government Strengthens Farmer Support through Continued Interest Subvention – KCC and MISS Remain Cornerstone of Agri Credit.
In a significant decision to support farmers across the country, the Union Cabinet has approved the continuation of the Modified Interest Subvention Scheme (MISS) for the financial year 2025–26. Under this scheme, 1.5% interest subvention will continue to be provided to banks for short-term crop loans up to ₹3 lakh issued through the Kisan Credit Card (KCC) platform.
Source: pib.gov.in
Cabinet extends interest subvention scheme for farmers.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved continuation of the Modified Interest Subvention Scheme (MISS) for 2025-26. The government will allow 7.71 crore farmers to get short-term credit at subsidised rate of interest through Kisan Credit Card (KCC).
Source: thehindubusinessline.com
Indian export consignments gradually resuming through Red Sea route: Exporters.
Indian export consignments have gradually started moving through the Red Sea route again, exporters body FIEO said on Tuesday. The gradual movement signals a cautious recovery in shipments after months of disruptions on the route caused by regional tensions.
Source: economictimes.indiatimes.com
Government raises 2024-25 foodgrain output forecast to record 353.95 million tons, wheat at 117.50 million tons.
The government on Wednesday revised upwards its foodgrain production estimate for the 2024-25 crop year to a record 353.95 million tonnes, with wheat output alone projected at 117.50 million tonnes, as the country posted bumper harvests across key crops. The revised estimates show significant increases in production of wheat, rice, maize and several oilseeds.
Source: economictimes.indiatimes.com
Kashmir’s walnut Industry receives temporary relief as India shuts Attari-Wagah border.
India severing trade ties with Pakistan has brought cheer for Jammu and Kashmir’s walnut industry. On May 2, the Central government announced a blanket ban on the import of goods from Pakistan and shut the Attari-Wagah trade route. Among the affected commodities were dry fruits, including Afghan walnuts, which were being imported into India via Pakistan.
Source: thehindubusinessline.com
CACP seeks ban on yellow pea imports, hike in duty of other pulses.
As unrestricted and cheap imports of pulses impact domestic prices and hurt farmers’ realisations, the Commission for Agricultural Costs and Prices (CACP) has recommended a ban on yellow pea imports It has also recommended that import duty on pulses such as tur (arhar), lentils and urad should be increased as part of its non-price policy recommendations for the kharif marketing season (KMS) 2025-26 to ensure better prices for the farmers.
Source: thehindubusinessline.com
FSSAI notifies guidelines for recycled-PET material for beverage makers, labelling norms specified.
The Food Safety and Standards Authority of India (FSSAI) has notified guidelines specifying the accepted criteria for food-grade recycled PET (Polyethylene terephthalate) which can be used as food contact material by beverage makers. The guidelines, which specify various aspects of r-PET recycling, also introduced a new logo that will need to be displayed on labels along with information on the percentage of recycled PET material used in the packaging material. The food safety authority has said that this logo has been developed to ensure 'easy identification' and 'for the benefits of consumers'.
Source: thehindubusinessline.com
Assam Eyes Southeast Asia Market Via India-Myanmar-Thailand Highway To Boost Semiconductor Exports.
Assam Chief Minister Himanta Biswa Sarma on Monday (26 May) in an interview with the Mint said the India-Myanmar-Thailand (IMT) highway will become a strategic economic corridor for Assam within the next three years, enabling the state to export semiconductor chips and attract investments from Southeast Asia.
Source: swarajyamag.com
GI-Tagged Brinjal with High Yields and Higher Profits.
Ramnagar Bhanta, a distinctive variety of brinjal native to the Varanasi region of Uttar Pradesh, is more than just a crop—it is a symbol of cultural heritage, traditional farming, and culinary richness. Cultivated primarily in the districts of Varanasi, Mirzapur, Chandauli, and Sonbhadra, this winter-season vegetable is cherished for its unique taste, exceptional size, and remarkable nutritional benefits.
Source: krishijagran.com
Piyush Goyal meets exporters, urges higher FTA use; US, EU trade deals figure in discussions.
Commerce and Industry Minister Piyush Goyal on Tuesday discussed a host of issues, including ongoing trade talks with the US and EU, in a meeting with exporters and urged them to increase the utilisation of free trade agreements (FTAs), industry officials said. The minister also stated that support could be provided to exporters to deal with European Union (EU) regulations like Digital Product Passport (DPP), they said. The other issues that figured in the deliberations held by Goyal with exporters include the proposed centralised exporters portal, and ways to further boost exports of services and value-added goods.
Source: economictimes.indiatimes.com