[ad_1] Agriculture and allied sector registered a decent 4.1% expansion in the March quarter and continued to be a bright spot in the GDP figures in the latest estimate released earlier this month, while intense heat reduced wheat yields and agriculture The ministry lowered the cotton crop forecast. , However, contraction in the manufacturing sector in the fourth quarter of FY22, though modest and on a favorable basis, does not bode well for the promise of a quick and sharp turnaround in private capital expenditure. Growth in the manufacturing sector,…
Tag: agriculture
Income support and crop insurance propel the agriculture sector in Telangana
[ad_1] The agriculture and allied sector, supported by Telangana government’s income support and crop insurance schemes for farmers, has been a significant contributor to the economic development in the state since 2016-17. According to state government data, around 6.3 million farmers have received Rs 50,000 crore so far under the Rythu Bandhu scheme, launched in 2018. The central government followed the Rythu brothers and launched the Pradhan Mantri Kisan Samman Nidhi (PM Kisan) in 2019. Under the Rythu Bandhu scheme, the state government is depositing Rs 5,000 per acre per…