In the first meeting, sources said the committee will introduce members, deliberate on "future strategies" and discuss setting up sub-panels to cover the wide issues mentioned in the terms of reference.
He also stressed the need to address the existing challenges in the agriculture sector.
While announcing the repeal of the three farm laws in November last year, Prime Minister Narendra Modi had promised to set up a committee to discuss various farmers' issues, including the minimum support price (MSP).
AIF with a corpus of Rs 1 lakh crore will be disbursed through loan by 2025-26, ministry officials had said earlier.
Farmers are worried as the overall coverage of kharif crops is only 5.32% against the total target of 28.27 lakh hectares of land till Wednesday.
Exporters of wheat flour would now need approval of the inter-ministerial committee for shipments of atta. The new requirement will be applicable from July 12.
"Not production, but post-production is definitely a problem today," Agriculture Minister Narendra Singh Tomar said addressing a conference on 'Getting Agriculture Markets right' organised jointly by National Stock Exchange and ICRIER.
"As per our estimate, we will be self-sufficient in urea by 2025-end and there will be no import dependence. Our domestic production of conventional urea and nano urea will be more than the demand," the Chemicals and Fertilisers ministers said.
Along with rice, the coverage area of many other Kharif crops, especially oilseeds, has decreased compared to last year, the Agriculture Ministry's latest weekly area coverage data shows.
'This intellectual property of IFFCO Nano Urea and Nano DAP will strengthen Indian economy by reducing input cost to agriculture,'' Iffco Managing Director US Awasthi said.
On May 12, India's Ministry of Commerce & Industry said it was preparing to send delegations to nine countries to export a record 10 million tonnes of wheat this fiscal year - sharply up the previous season. But a barrage of alarming data changed all that.
This policy will offer a sum insured of up to Rs 5 lakhs in various combinations (Self/Spouse/Children/Parents). Additionally, hospital cash of daily sum insured of Rs.1,000 for 15 days in a year will also be launched as part of the insurance policy, a joint statement read.
Activists allege that the protection wall keeping the seawater out has not been maintained, resulting in water getting in during high tide.
The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high.
The DSR needs far less water for irrigation, improves percolation, reduces dependence on farm labour and improves soil health, thus enhancing yield of both paddy and wheat by 5-10 per cent.
April is the first month of the fiscal year. India, the world's second-biggest wheat producer, exported a record 7 million tonnes of the grain in fiscal 2021-22.
Cashing in on a rally in global wheat prices after Russia invaded Ukraine, India exported a record 7.85 million tonnes in the fiscal year to March - up 275% from the previous year.
The subsidy has been increased to Rs 2,501 per bag which was Rs 1,650 per bag in Rabi-2021-22 and Rs 512 in the year 2020-21, which has now been increased five times to Rs 2,501 per bag, the Fertilizer department tweeted.
Madhya Pradesh State Agricultural Marketing Board's (MPSAMB) Managing Director Vikas Narwal said that the government procurement of wheat dipped by 30 per cent due to a sharp rise in prices in the open market.
In the light of the current state of affairs in the state, UP government's target to hit record high in wheat procurement by June 15, 2022 looks like an elusive dream.
Ramesh Chand suggested starting fresh consultations with the states for resuming the agriculture reform process.
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