Agriculture Current Affair 12 May 2021

Capsule containing water to enrich soil moisture gains acceptance among Kerala farmers

Developed by ICAR, Pusa Hydrogel is being marketed by Palakkad Krishi Vigyan Kendra

Hydrogel capsules,brought out by Krishi Vigyan Kendra(KVK) in Palakkad to help conserve soil moisture, is increasingly becoming popular among the farming community in Kerala.

This is evident from its sales in the last one year, enabling KVK to sell around 3-4 lakh capsules. Idukki Cardamom Growers Cooperative Society made a bulk procurement and other farming communities as well made such purchases, V.P.James, Technical Officer in KVK Palakkad said.

Government disburses 42% more money to wheat farmers this year

The government has disbursed 42% more money in direct payment to wheat farmers this year as compared with 2020 on higher procurement, pumping more liquidity into rural markets amid the second Covid-19 wave which has disrupted the economy.

“We have disbursed ₹49,965 crore so far among wheat farmers against procurement of 33.7 million tonnes of wheat. Last year we could procure 28 million tonnes during this period, with a disbursement of ₹35,000 crore,” said Atish Chandra, chairman of state-run Food Corporation of India (FCI).

Multiples, CPPIB and Jhunjhunwala’s RARE to buy Cadila’s Animal Health biz for Rs 2921 crores

A consortium of financial investors including Rakesh Jhunjhunwala’s RARE Enterprises, Multiples Alternate Asset Management and Canada Pension Plan Investment Board (CPPPIB) have agreed to acquire the animal health business of Zydus Cadila Group for around Rs 2921 crores.

The consortium, through an SPV controlled by them, has signed a definitive agreement to acquire Animal Healthcare Established Markets Undertaking focused on India and certain other countries, the company said in a statement.

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