Agriculture Current Affair 24 March 2022 first company to successfully generate and forward sell agricultural-related carbon credits in India

Digital platform for sustainable agriculture – – has become the first company to successfully generate and forward sell agricultural-related carbon credits in India, a media release issued by the company said.’s Alternate Wetting and Drying & Dry Seeded Rice (AWD-DSR) project covered 22,000 acres of rice paddy fields and involved over 2,500 smallholder farmers. This initiative forms a crucial part of’s mission to transition farmers to adopt sustainable agricultural practices, and reduce the environmental impact of rice cultivation. 20,000 carbon credits were derived from this AWD-DSR project. Its benefits included 15% to 30% of water savings.

Another 120,000 credits are under process from the Crop Residue Management (CRM) Program. The CRM Program empowered over 25,000 farmers to prevent 420,000 acres of farmland being burnt, thereby preventing the generation of 2,135 tonnes of particulate matter, including PM 2.5 and PM 10 particulate matter.

Modi govt will continue making fertilizers available to farmers: Union Minister in LS

The government on Tuesday assured Lok Sabha that it will continue to make fertilizers available to farmers after a member raised the issue, saying there is a decline in the domestic production of the crop-nutrient this year with inadequate supply of ammonia and potassium from Russia and Ukraine. Union Minister of State for Agriculture and Farmer Welfare Kailash Choudhary said the government had made fertilizers available to farmers at a subsidised rate even when their prices had gon up to reach Rs 1,200 per bag.

“And in that, there was a subsidy of Rs 600 (per bag). Today its rate has gone up to reach Rs 4,200 (per bag). Yet it is being made available at the rate of Rs 1,200 (per bag) by giving subsidy of Rs 2,600,” the minister said.

This is the “foresightedness and commitment” of Prime Minister Narendra Modi towards the farmers, he said in the Lower House during Question Hour.

Jute MSP hiked by 5.5%

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Tuesday approved a proposal to raise the minimum support price (MSP) for raw jute to ₹4,750 a quintal for the 2022-23 season, an increase of ₹250, or 5.5%, over the previous year.

The new MSP would ensure a return of 60.53% over the all-India weighted average cost of production, the government said.

The hike is in line with the principle of fixing the MSP at a minimum of 1.5 times the all-India weighted average cost of production, as announced in the budget for 2018-19. This assures a minimum 50% profit margin, it added.


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