If India has to emerge as an exporting country, it is imperative t h a t w e s h o u l d develop proper production, processing and marketing infrastructure, which is capable of meeting international quality requirements. A comprehensive s t r a t e g y f or producing quality and safe dairy products should be formulated with suitable legal backup.
|Women involvement in dairy farm|
Women play an important role in dairy farming sector. They gave fodder to livestock, milking the animal, take off different dairy products from milk, take care of livestock at home, do weaving, cleaning shelter, converting in livestock management and related deceases. So women must be paid their share in livestock income. Hence there is an urgent need to commercialize their activity and give training to the women for rearing of livestock women in rural livestock can never be ignored. More than 8 working hours in the day are spent by women covering all the dairy farming practices. Dairy farming as an entrepreneurial venture owing to its high adaptability in wide range of agro-climate condition, thriving better on coarse fodder than cattle, producing higher fat SNF-milk, leaner and lower cholesterol and carrying high resistance against decease has big achievement. Cattle rearing cover more than 50% of the working hour of women in comparison to 10% of the working time of their counterpart the man.
The Central government's budgetary fiscal deficit has surged nearly twice to 2.70-lakh crore during the first five months of the current financial year (April-August 2011-12 from Rs.1.50-lakh crore in the corresponding period last year. In the earlier times, government borrowings were treated as part of receipts. In the budget for 1984-85, total receipts were estimated at Rs.40,501 crore, including market loans of Rs.4,100 crore, and total expenditure at Rs.42,536 crore with an uncovered deficit of Rs.2,035 crore (Rs.1,762 crore after taking into account the effect of new taxation proposals). But numerous problems still remain in arriving at the correct figure of fiscal deficit and drawing up a credible fiscal plan. This has assumed special importance now when we are grappling with inflation, slower economic growth and volatility in the world economy. Excessive government borrowings put the Reserve Bank of India in a difficult position with no option but to raise interest rates frequently to control money supply and inflation without slowing growth. If any fiscal stimulus is envisaged the details of tax concessions and specific expenditure schemes in the stimulus package have to be highlighted along with expected outcomes. The actual outcomes of the last fiscal stimulus package done, including the loan waiver of Rs,70,000 crore, should be indicated.
Members of Corporate India have told the Reserve Bankd of India (RBI) that another increase in interest rate would hurt demand and pull down growth. They also urged the monetary authority to intervene in the currency market as a depreciation rupee could stoke inflation till now RBI has raised rates 12 times since march 2010. Even as interest high rates and commodity prices squeezed profit margins of companies, imports became expensive, with the rupee declining 10% against the dollar since August. While many felt that RBI should have sold dollar heavily to arrest the fall, the central bank preferred a wait and watch policy with the US currency gaining amid safe haven buying by institutions across markets. " Interest rate hikes are working in reversal at this point of time and adding to the inflationary pressure. Credit availability for businesses as well as consumers drying up; this may push the economy into recession.
|Foreign Reserve Exchange|
India's foreign exchange (forex) reserves dropped by $1.22 billion at $311.48 billion for the week ended Sep 30, registering a sharp decline for the second straight week largely due to revaluation of non-dollar assets, official data showed. The country's foreign exchange reserves kitty has shrunk by $9.30 billion in the last four weeks after wselling to an all-time high of $320.78 billion for the week ended Sep 2. Foreign currency assets, the biggest component of the forex reserves kitty fell by $1.23 billion to $275.69 billion during the week under review, according to the weekly statistical supplement of the Reserve Bank of India (RBI), the country's central bank.
The BSE benchmark sensex was down by 333 points in early trade on Monday on all-round selling pressure from operators and investors as asian shares slumped amid rising fears of a Greek sovereign default and worries over China's financial health. The BSE benchmark sensex resumed lower at 16.255.97 points and dropped further to 16,088.98 before quoting at 16,121.21 1015 hours, a net loss of 332.55 points, or 2.02%, from last weekend's close. The stock market is likely to move in a narrow range this festive week, ahead of second quarter earnings' report card from India Inc. Participation is likely to remain los, and the market is closed on thusday due to Dussehra. Government's sudden borrowing programme has not gone down well with the market participants. To meet its expendititure in the second half of the fiscal, the Centre had decided to borrow an additional Rs.52,800 crore from the market, over and above the Rs.4.17 lakh crore estimated earlier. The Bombay Stock Exchange benchmark sensex continued to trade lower by over 270 points at the pre-close session today on sustained selling by funds and retail investors due to weak global cues. Stock markets worldwide were hit by news that Greece would not be able to contain deficit despite 30,000 job cuts.
In line with weakness in the equity market, the Indian rupee fell by 59 paise to Rs.49.55 per US dollar in early trade today amid persistent dollar demand from banks and importers in view of dollar firmness in overseas markets. The rupee had ended 2 paise lower at Rs.49.45/46 against US dollar in the previous session due to strong dollar demand from importers amid weak stock markets.
Oil rose to near $78 a barrel on Wednesday in Asia amid hopes that Europe will contain the debt crisis that has engulfed greece and threatens to destabilize other countries that use the Euro. but sentiment recovered on Tuesday following reports that Europe was talking steps to bolster its banking sector, which is thought to be heavily exposed to Greek debt and could face crushing losses if the country defaults. Wall Street ended higher after a day of wild gains and losses. The Dow gained 1.4 per cent, while the Standard and Poor's 500 rose 2.2 per cent and the Nasdaq composite rose 3 percent. Investor concerns about Greece were heightened when the debt-strapped country said over the weekend it will miss its lower budget deficit targets even after severe cost-cutting. Despite the shortcoming, Europe pledged to loan Greece money to help pay its upcoming bills, but that failed to reassure stock and commodity markets. European markets tumbled on Monday after Greece said it wouldn't be able to reduce its budget deficits as much as it had agreed to as part of a deal to receive more emergency loans.
Asian stock markets extended a sell-off on Tuesday, following a dismal session on Wall Street that was sparked by the revelation that debt-strapped Greece would not be able to reach a target for reducing its budget deficit. Asian markets tumbled sharply in early trading on Monday, hurt by data suggesting debt-strapped Greece attempts at austerity were not yileding results and a weakening economic picture in Europe. Japan's Nikkei 225 fell 2.3 per cent to 8,503.88, with a government survey showing an improvement in business confidence among Japanese manufacturers doing little to nudge markets back to life.
Dairying is a centuries-old tradition for millions of rural households; domesticated animals have been an integral part of the farming system from time immemorial. It provides supplementary income to some 70 million farmers in over 500,000 remote villages the farmers earn an average 27.3 percent of their income from dairying, with as high as 53 percent for landless and as low as 19 percent for large farmers. Annual milk production in India have more than tripled in the last three decades, rising from 21 million tones in 1968 to 80 million metric tones in 2001. Despite this impressive growth in milk production in the last three decades, productivity of dairy animals remains very low. Currently more than 80 percent of the milk produced in the country is marketed by unorganized sector is likely to dissuade small dairy farmers from expanding production, which is absolutely necessary to keep up with the strong demand growth.