Connect with:
Thursday / November 7. 2024
HomePosts Tagged "Union Cabinet"

The main areas of cooperation envisaged are Agricultural policies for the development of modern agriculture, Organic agriculture to facilitate the bilateral trade of organic products

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Government of India and the Government of Chile for cooperation in the field of Agriculture and Allied sectors.

The MoU provides for cooperation in the field of agriculture and allied sectors.  The main areas of cooperation envisaged are Agricultural policies for the development of modern agriculture, Organic agriculture to facilitate the bilateral trade of organic products, as well as promote the exchange of policies aimed to develop organic production in both countries, Science and innovation to explore partnerships to promote innovation in the agricultural sector among Indian Institutes and Chilean institutes as well as collaborate to confront common challenges. 

Under the MoU, a Chile-India Agricultural Working Group will be constituted which will be responsible for the supervision, review and assessment of the implementation of this MoU as well as for establishing frequent communication and coordination.

The meetings of the Agricultural Working Group will be held once a year alternatively in Chile and India.  The MoU shall enter into force upon its signature and shall remain in force for a period of five years from the date of execution after which it shall be automatically renewed for a further period of 5 years.

The main areas of cooperation envisaged are

Subsidy approved will be Rs 51,875 Cr

The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposal of the Department of Fertilisers for per Kilogram rates of Nutrient Based Subsidy (NBS) for various Nutrients that is Nitrogen (N), Phosphorus (P), Potash (K) and Sulphur (S) for Phosphatic and Potassic (P&K) fertilisers for Rabi Season – 2022-23.

Subsidy approved by Cabinet for the NBS Rabi-2022 (from 01.10.2022 to 31.03.2023) will be Rs 51,875 crore including support for indigenous fertiliser (SSP) through freight subsidy. 

This will enable smooth availability of all P&K fertilisers to the farmers during Rabi 2022-23 at the subsidised / affordable prices of fertilisers and support the agriculture sector. 

The variation of trading prices in the international market of fertilisers and raw materials has been primarily absorbed by the Union Government.

Subsidy approved will be Rs 51,875 CrThe