Agriculture Current Affair 27 December 2021

NITI Aayog enters into agreement with UN WFP to diversify food basket in programmes

Aiming at a more diversified food basket under its free food distribution programme with focus on coarse grains and millets, NITI Aayog has entered into an agreement with United Nations World Food Program (WFP) to address issues related to inclusion of millets in government programmes.

Under the statement of intent signed between the Aayog and the United Nations World Food Program (WFP), the focus will be on mainstreaming millets and strengthening of climate resilient agriculture for enhanced food and nutrition security in India, the Aayog said on Tuesday.

According to the statement, numerous steps have been taken to promote millets including establishment of center for excellence, integration of nutri-cereals in National Food Security Act and establishment of Millet Mission in multiple states.

Retail prices of tomatoes down 13 per cent in last one week, 24 per cent in past one month: Govt

Tomato prices in retail markets have declined by 13 per cent at the all-India level as on December 21 as compared to a week ago on increased supply, the government said on Wednesday.

“Price of tomato at the all-India level, as on December 21, was lower by 12.89 per cent as compared to last one week and by 23.69 per cent as compared to last one month,” an official statement said.

The retail prices of tomatoes stood at Rs 47.52 per kg on December 21, as against Rs 54.55 per kg on December 14 and Rs 62.27 per kg on November 21, 2021.

India can generate USD 813 bn in revenues from agri, food sector by 2030: Report

With an investment of USD 272 billion in agritech NSE -1.13 % and allied segments by 2030, India can generate USD 813 billion in revenue creating 152 million jobs, making it the largest private sector industry in the country, according to a report. With agriculture continuing to remain the mainstay of economy for the country, investment in agritech and allied segments can transform the face of Indian agriculture with far-reaching implications for food security and sustainable farming solutions, according to a report, titled ‘Investing for Impact: Food, Agri and Agritech’, by Aspire Impact.

In the past decade, India attracted about USD 9 billion in FDI investments in the agriculture sector, said Amit Bhatia, founder of Aspire Circle and creator-Impact Future Project.

He added that this decade brings an opportunity for India Inc to take advantage of the massive untapped potential this sector holds and transform it to be sustainable and future-ready.

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