Agriculture Current Affair 17 February 2021

Nabard helps Indco tea factories modernise at ₹18.54 crore

Tea factories in the co-operative sector in The Nilgiris, called Indco tea factories, are going in for massive modernisation balancing technology with the tradition of eco-friendly manufacture, with the support of the National Bank for Agriculture and Rural Development (NABARD).

“NABARD will assist five Indco factories for modernisation at an outlay of ₹ 18.54 crore”, said NABARD Chairman G R Chintala.

Cess introduced in budget will boost states’ agri infra: Govt

The agri cess introduced in the Union Budget 2021-22 will finally go towards boosting APMC mandis and related farming infrastructure, all of which are governed by states, a top government functionary said on Tuesday, rejecting criticism that the cess deprives states of revenue as its receipt entirely falls in the Centre’s kitty.

Official sources also justified the introduction of tax on EPF’s interests in accounts where employees’ share is more than Rs 2.5 lakh per annum, noting that many people parked money in crores to get an assured return of over 8.5 per cent.

Japanese model retains cooler spring, summer watch for India

The Application Laboratory of the Japanese national forecaster Jamstec has retained a watch for cooler-than-normal spring and summer (March-April-May) for India except parts of North-West India, and normal rainfall for most parts of the country in its updated forecast based on February 1.

However, updated outlook for the monsoon months of June-July-August points to a weak rainfall trend emerging over Central and adjoining Peninsular India (Madhya Pradesh, Maharashtra, Andhra Pradesh and Telangana), while North-West India and East India may witness above normal precipitation.

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