Punjab to reduce area under paddy cultivation

Chandigarh, Sep 21 (IANS) The Punjab government will reduce the area under paddy (rice) cultivation in the state, and use it for cultivation of other crops like maize, sugarcane, and cotton, Chief Minister Parkash Singh Badal said here Friday.

Badal, who attended a marathon six hour meeting with various progressive farmers' associations here, said that the state government would soon initiate steps to reduce the current area under paddy cultivation from 28 lakh hectares to nearly 15 lakh hectares.

The move to reduce area under paddy cultivation follows a decision of the central government to have a policy to fix state-wise quota of paddy procurement.

Badal said that the need of the hour was to encourage farmers to resort to agriculture allied activities like dairy farming, bee-keeping, piggery, fishery and poultry farming to enhance their income "as the constant hike in the agricultural inputs has rendered farming a non- profitable venture".

A Green Revolution state, Punjab contributes nearly 70 percent of foodgrains to the central pool despite having only 1.54 percent of the country's geographical area.

Badal said that the new quota policy on paddy procurement could spell doom for Punjab farmers who were already reeling under debt as agriculture had become non-profitable.

"Shifting towards crop diversification was the utmost requirement in the current scenario as due to decline in income, the distressed peasantry of the state was on the crossroads," he said.

Badal gave a nod for constituting an advisory committee for every allied agriculture activity for encouraging farmers for diversification of crops in the state.

He suggested that instead of growing coarse rice, farmers could opt for basmati rice as it could bring better returns through exports.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    61.050.80+1.33%
    HDIL.BO
    113.00-0.60-0.53%
    RCOM.BO
    30.30-0.35-1.14%
    UNITECH.BO
    80.65-0.30-0.37%
    RPOWER.BO
    26.10-0.60-2.25%
    JMFINAN.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    28.854.80+19.96%
    PROZONECSC.BO
    22.063.67+19.96%
    HIMCI.BO
    499.7582.85+19.87%
    VOLTAMP.BO
    130.8020.95+19.07%
    ECE.BO
    77.5012.40+19.05%
    EMMSONS.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    511.150.00+0.00%
    INDUSINDSL.BO
    11.30-2.45-17.82%
    PIONRINV.BO
    621.150.00+0.00%
    INGVYSYABNK.BO
    39.10-6.85-14.91%
    PIXTRANS.BO
    77.00-13.00-14.44%
    HARITASEA.BO

Latest News

  • Wall Street ends flat on correction worries
    Wall Street ends flat on correction worries

    U.S. stocks ended little changed on Monday, with indexes hovering near record levels as concerns about a correction cut earlier gains that had been prompted by news about a flurry of acquisitions. The ...

  • Silver and gold lurch higher after early dive

    Gold and silver prices gained nearly 3 percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver to its lowest in 2-1/2 years before an abrupt midday turnaround. ...

  • World stocks grind higher, yen rebounds on minister's remarks
    World stocks grind higher, yen rebounds on minister's remarks

    Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested ...

  • Essar Oil to sign $1 billion debt-for-fuel deal with China
    Essar Oil to sign $1 billion debt-for-fuel deal with China

    Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina. Essar ...

  • Fed could end bond buys in autumn if jobs outlook sure - Evans

    The U.S. Federal Reserve could continue full-speed ahead on its bond-buying program through the summer, but end it abruptly in the autumn if by then it is confident that the improvement in the jobs outlook ...

  • Yahoo buying Tumblr, vows not to screw it up
    Yahoo buying Tumblr, vows not to screw it up

    Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing ...

  • 'Mobile towers not illegal, don't affect health'

    New Delhi, May 20 (IANS) The Cellular Operators Association of India (COAI) Monday said that cell phone towers in the city were not illegal and that radiation from them doesn't affect health adversely. ...

  • Andhra to seek revision of SC order on Babli

    Hyderabad, May 20 (IANS) An all-party meeting here Monday decided that Andhra Pradesh government will seek review/clarification from the Supreme Court on its orders about the Babli project neighbouring ...

MAJOR STOCKS (A-G)

MAJOR STOCKS (H-N)

MAJOR STOCKS (O-Z)

MARKET COMMENTARY

  •  
    Recent Quotes
    Symbol Price Change % ChgChart 
    Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
    You need to enable your browser cookies to view your most recent quotes.
  • Recent Quotes News

    •  
      Sign-in to view quotes in your portfolios.