Primary sector of the economy: GK, Current Affairs, Questions, Trivia and News

Tamil Nadu becomes India’s first State to enact a law on contract farming

Tamil Nadu has become the first State in India to enact a law on contract farming after President Ram Nath Kovind gave assent to the Agricultural Produce and Livestock Contract Farming and Services (Promotion and Facilitation) Act. The law will safeguard interests of farmers during times of bumper crop or when prices fluctuate.

Rajasthan Launches Prachar Rath to Promote Organic Farming

Rajasthan Agriculture Minister Lal Chand Kataria flagged off a Prachar Rath to promote organic and zero budget natural farming (ZBNF) among the farmers. Prachar Rath The initiative aims to build awareness among the farmers about organic and ZBNF which reduces agricultural input costs, encourage the use of bio-fertilisers, replace pesticides with traditional material and give tips for ..

2018-CGS-28: Mains Revision-16: Primary Sector of Economy

Pradhan Mantri Fasal Bima Yojana Pradhan Mantri fasal Bima Yojana (PFBY) is a crop insurance scheme wherein there will be a uniform premium of only 2% to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops. In case of annual commercial and horticultural crops, the premium to be paid by ..

Oil prices hike by 5 percent

Oil prices have increased more than 5 percent after the OPEC and non-OPEC producers came together to put curbs on oil production and ease global saturation. The step is being seen as the first joint action between oil producing nations after 2001 after two years of low prices of oil which had put the budgets ..

Oil prices rise as OPEC agrees on output cuts

The Organization of the Petroleum Exporting Countries (OPEC) has agreed to cut 1.2 million barrels of oil a day from its output to 32.5 million barrels beginning from January. This has lead to a surge in the global oil prices. This is the first such cut made by OPEC in the last eight years. OPEC plays ..

Oil Ministers of OPEC to meet in Vienna

Oil Ministers of the 12 oil exporting group OPEC will meet in Vienna It is expected that the group will maintain the ceiling of 30 million barrels oil production per day for the member nations International Energy Agency based in Paris asserted in its report that the market is better supplied and it would be ..