HomeBusinessCentre-state mango relief: Karnataka...

Centre-state mango relief: Karnataka farmers to be paid for price decline on 2.5 lakh tonnes; mango price fall prompts joint compensation plan

The Centre and Karnataka government have agreed to jointly compensate mango farmers in the state for up to 2.5 lakh tonnes of produce after a sharp decline in market prices, according to an official statement issued on Saturday.The decision was taken during a video conference between Union Agriculture Minister Shivraj Singh Chouhan and Karnataka Agriculture Minister N Chaluvaraya Swamy, where the two sides finalised a joint compensation mechanism under a central government scheme.“To address the drop in mango prices, the central and state governments will jointly bear the cost of the price difference and pay that to the farmers,” the Union agriculture ministry said.Union Agriculture Secretary Devesh Chaturvedi also participated in the meeting.The relief will apply to 25% of the estimated 10 lakh tonnes of mangoes produced in the state this season, the statement said. Karnataka had earlier submitted a formal proposal to the Centre, citing a price crash in both tomatoes and mangoes, particularly the Totapuri variety.However, Swamy informed the Centre that tomato prices had stabilised since the proposal was submitted, and thus, no immediate intervention was needed for tomatoes.“Since farmers were receiving much lower-than-usual prices for Totapuri mangoes, it was decided that the difference in price from the usual market rate would be borne equally by the Centre and state governments,” the ministry said.Swamy thanked Chouhan for approving the move. “This decision will support and provide relief to mango-producing farmers in the state,” he said.

Source link

- A word from our sponsors -

spot_img

Most Popular

More from Author

- A word from our sponsors -

spot_img

Read Now

NEPRA issues notification for 48-paisa per unit reduction in power tariff

The National Electric Power Regulatory Authority (NEPRA) on Saturday issued a notification for 48 paisa per unit cut in electricity prices under the fuel price adjustment for September for consumers across the country, including Karachi, except those who are lifeline. ...

Weight Loss vs. Fat Loss: What is better for blood sugar patients |

When it comes to managing health or reducing the risk of type 2 diabetes, most people talk about losing weight. But weight loss and fat loss are not the same thing and understanding this difference can make all the difference for insulin sensitivity and long-term...

Bipartisan AI job impact legislation introduced by Hawley and Warner

NEWYou can now listen to Fox News articles! A new bipartisan push in Washington is shining a spotlight on AI's impact on jobs. Senators Josh Hawley, R-Mo., and Mark Warner, D-Va., introduced the AI-Related Job Impacts Clarity Act, which would require major companies and federal...

Grammy Awards announce 2026 nominations with Kendrick Lamar leading. See the list of nominees.

The 68th Grammy Awards nominations are out, with Kendrick Lamar leading with nine nods.Following Lamar, Lady Gaga, Jack Antonoff and Canadian producer and songwriter Cirkut received seven nominations. Bad Bunny, Sabrina Carpenter, Leon Thomas and Canadian audio engineer Serban Ghenea were all nominated...

Lenskart, Groww IPO GMPs Fall Before Listing; Time For Investors To Reassess Primary Market? | Ipo News

Last Updated:November 08, 2025, 15:55 ISTLenskart and Groww IPOs saw GMPs drop 75 percent post-subscription despite strong oversubscription, highlighting risks of chasing grey market hype over company fundamentals.News18The grey market premium (GMP) of two heavyweight initial public offerings (IPOs) of recent times — Lenskart Solutions and Groww...

With presidents and royalty in attendance, Egypt unveils $1bn cultural ‘GEM’

Prime ministers, presidents and royalty descended on Cairo on Saturday to attend the spectacle-laden inauguration of a sprawling new...

James Watson, co-discoverer of the shape of DNA and Nobel Prize winner, dies at 97

James D. Watson, whose co-discovery of the twisted-ladder structure of DNA in 1953 helped light the long fuse on a revolution in medicine, crimefighting, genealogy and ethics, has died, according to his former research lab. He was 97.The breakthrough — made when the...

Alex Cooper apologizes to Taylor Swift for bizarre admission

Alex Cooper is not holding back when it comes to her love for Taylor Swift.As per a new report...

‘Unsubstantiated Rumours’: RBI Dismisses Reports Of Selling 35 Tonnes Of Gold | Economy News

New Delhi: The Reserve Bank of India (RBI) on Friday denied social media claims that it sold 35 tonnes of gold from its reserves, calling them "unsubstantiated rumours". In a post shared by the PIB Fact Check Unit on X, the central bank clarified that no such...