Government should incentivise farmers for drying grains: MS Swaminathan

In a letter to Union Agriculture Minister and four state Chief Ministers, Swaminathan has recommended for community nurseries for short duration rice.

Government should incentivise farmers for drying grains: MS Swaminathan
NEW DELHI: Government should give incentive to farmers for drying the grains affected by unseasonal rainfall and hailstorm, eminent agri scientist MS Swaminathan said today.

In a letter to Union Agriculture Minister and four state Chief Ministers, Swaminathan has recommended for community nurseries for short duration rice as water table is now high.

"As soon as the rain stops, incentives may be given for the use of combine harvesters and for grain drying. Grain drying is a must to prevent the development of mycotoxins," Swaminathan said in the letter.

The water table is just now high and hence water may not be a problem. Farmers may be assisted in cultivating short duration rice, maize, moong or millets, he added.

"They all require less water and public funds may be used for implementing this contingency plan to compensate for the losses incurred," he said.

Emphasising on the need for a detailed strategy to manage such unfavorable weather events in the future, Swaminathan has said that there is need for seed reserves of alternative short duration crops. The reserves of seed is as important for crop security, as food grain reserves, for food security.
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Unseasonal rains and hailstorms during this month have damaged rabi (winter-sown) crops in 106.73 lakh hectares of area across 14 states as against the earlier estimates of 181 lakh hectares.

Total cultivable area in rabi season is 600 lakh hectares.
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10 salient features from new Foreign Trade Policy to push up India's exports
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Text: ET Bureau

With an aim to make India a significant partner in global trade by 2020, the government on Wednesday unveiled a new Foreign Trade Policy (FTP).

Talking about the new policy, which aims at boosting India's exports, Commerce Minister Nirmala Sitharaman said that PM Narendra Modi's pet projects, 'Make in India' and 'Digital India' will be integrated with the new Foreign Trade Policy.

The government is pitching India as a friendly destination for manufacturing and exporting goods, and the new policy is being seen as an important step towards realising that goal.

We take a look at some key features of the new Foreign Trade Policy:

Image: Minister of State for Commerce & Industry (Independent Charge), Nirmala Sitharaman with Revenue Secretary Shaktikanta Das and Commerce Secretary, Rajeev Kher releasing the “Foreign Trade Policy 2015-2020” in New Delhi on April 1, 2015.
Text: ET Bureau

With an aim to make India a significant partner in global trade by 2020, the government on Wednesday unveiled a new Foreign Trade Policy (FTP).

Talking about the ..
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Five existing schemes to promote goods exports merged into a single Merchandise Exports from India Scheme (MEIS)

> Incentives in form of duty scrips as a per cent of realized FOB value of exports
Five existing schemes to promote goods exports merged into a single Merchandise Exports from India Scheme (MEIS)

> Incentives in form of duty scrips as a per cent of realized FOB value of expo..
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Service Exports from India Scheme (SEIS) will replace the Served From India Scheme (SFIS)

> Benefit available to only service providers located in India

> Incentive will be based on net foreign exchange earned
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> Benefit available to only service providers located in India

> Incentive will be based on net..
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SEZ units will be entitled to the benefits of MEIS and SEIS
SEZ units will be entitled to the benefits of MEIS and SEIS
Duty scrips will be freely transferable and can be used for payment of custom duty, excise duty and service tax.
Duty scrips will be freely transferable and can be used for payment of custom duty, excise duty and service tax.
Status holders, those who have contributed to trade, will get special treatment to reduce their transaction costs.
Status holders, those who have contributed to trade, will get special treatment to reduce their transaction costs.
Reduced export obligation for capital goods purchased from Indian suppliers under the EPCG scheme

> Higher level of rewards under MEIS export with high domestic content and value addition
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> Higher level of rewards under MEIS export with high domestic content and value addition
Measures to facilitate & encourage export of defence goods
Measures to facilitate & encourage export of defence goods
Benefits of foreign trade policy to export of items up to Rs 25,000 per consignment

> Benefit available to handloom products, books / periodicals, leather footwear, toys and customized fashion garments
Benefits of foreign trade policy to export of items up to Rs 25,000 per consignment

> Benefit available to handloom products, books / periodicals, leather footwear, toys and customized fashion..
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They can share infrastructure & inter-unit transfer of goods allowed
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