3.Campaign on Paddies Procurement and New Crop Varieties for Punjab
Hybrid Seeds
Understanding Hybrid SeedsThe hybrid seeds derived from controlled cross-pollination between the different varieties of plants have improved their characteristics for better yield, uniformity, and resistance to diseases. They are easier and faster to grow when compared to Heirloom Seeds, which are derived from open-pollinated plants. Benefits of Hybrid SeedsThey provide their harvests with possible increased yield, predictability of ripening of fruits, drought tolerance, pest resistance, and rapidly breeding improvement. Hybrid Seed DemandHybrid seeds are increasingly demanded by farmers due to a growing population.Hybridization aims to improve grain quality, reduce pests, and enhance crop production. Origin and Current Market Status
1. India Employee Pension Scheme
Context: India Employee Pension Scheme Increase number of pensioners eligible to receive the minimum assured pension at ₹ 1,000 have been up 3 per cent at 3.66 million for FY24 in Employee Pension Scheme. Key Highlights:A central government fund amount of ₹ 957 crore for the same in FY24.
2. India attempts to revive farm reforms, unveils draft policy
Context: The Centre unveils the draft “National Policy Framework on Agricultural Marketing“ so that farmers can find their market of choice and secure the highest price for their produce. Key Highlights: The policy envisages introducing reforms in agriculture against the backdrop of farmers’ protests demanding the legalization of Minimum Support Prices (MSP). Source: Business Line
1. The INROAD project
Context: Project INROAD completes 1.25 lakh hectare of NR plantations in North-East Key Highlights: INROAD Project Completes North-Eastern Natural Rubber Plantation
Minimum Support Prices (MSP)
Centre Increases MSP for Rabi Crops in India for Marketing Year 2024-25 The centre has hiked the minimum support price (MSP) by Rs 150 a quintal for wheat and five other rabi crops for the upcoming 2024-25 marketing season. It is the highest MSP increase for the welfare of wheat growers since crop year 2007-08 . The amount of MSP is the guarantee a farmer receives when the Central Government buys his produce.
Drafted National Policy Framework on Agricultural Marketing’ Released
Agni-4 Missile by India
Indian Rubber Institute IRI
It is a professional body of technologists, engineers, scientists, academicians, and organizations within the Indian rubber industry.
