Agri-business

Private Final Consumption Expenditure (PFCE), a key driver of domestic demand, is projected to grow by 7.3 per cent in 2024-25, a sharp increase from the 4.0 per cent growth recorded in 2023-24.

The Punjab government, under an agreement with the World Bank, refrained from procuring wheat, leaving growers at the mercy of market forces.

The positive growth in food exports, coupled with a reduction in imports, highlights Pakistan’s progress in leveraging its agricultural and food production capabilities.

The SCL Act, which covers 63 items, imposes taxes at high rates on staple foods such as rice, potatoes, and maize. Critics argue that while these taxes protect domestic agriculture, they also make basic foods costly, exacerbating malnutrition among poor families.

By fostering innovation, collaboration, and market expansion, the national-level multi-state cooperative societies and NUCFDC aim to drive economic growth, empower farmers and cooperatives, and establish India as a global leader in cooperative products and services.

The announcement came through a press release, with BPA President Md Sumon Howlader accusing the government of favoring large corporations over marginal farmers.

Amit Shah emphasized the transformative potential of these agreements. He highlighted their alignment with the government’s broader goals of promoting organic farming, empowering tribal communities, and enhancing dairy production across the country.

This information was given by the Minister of State for Agriculture and Farmers’ Welfare, Ram Nath Thakur in a written reply in Lok Sabha today.