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        Corp. Laws, SEBI & IBC

        Agricultural R&D Needed to Sustain Agricultural Productivity Growth Says Economic Survey

        January 29, 2018

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        Press Information Bureau
        Government of India
        Ministry of Agriculture & Farmers Welfare

        Agricultural R&D Needed to Sustain Agricultural Productivity Growth Says Economic Survey

        Agricultural R&D is the main source of innovation, which is needed to sustain agricultural productivity growth in the long-term. This was stated in Economic Survey, 2017-18 tabled by the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley in Parliament today. The Survey says that the actual expenditure of Department of Agricultural Research and Education/Indian Council of Agricultural Research has increased from ₹ 5393 crore in 2010-11 to ₹ 6800 (BE) crore during 2017-18. The compound annual growth rate of expenditure has been 4.2% over the years and in recent years’ expenditure has been on higher side. During the current year (2017-18), investment in Agriculture Research and Education protected new Agricultural innovation by filling 45 patent applications at Indian patent Office (IPO) and the cumulative patent applications have now risen to 1,025. 10 copyright and 12 trademark applications were filed by ICAR for products and processes. After the Protection of Plant Varieties and Farmers’ Right Authority notified new genera, applications for 135 varieties were filed at the Registry and 155 high-yielding varieties/hybrids of cereals were released for cultivation in different agro-ecologies of the country during 2016, the Economic Survey adds.

        Economic Survey says that total 209 new Varieties/hybrids tolerant to various biotic and abiotic stresses with enhanced quality have been developed for Cereals, Pulses, Oilseeds, commercial and Forage crops.

        Cereals:- 117 high yielding varieties/hybrids of cereals comprising 65of rice, 14 of wheat, 24 of maize, 5 of finger millet, 3 of pearl millet, 1 each of sorghum, barley, foxtail millet, kodo millet, little millet and proso millet were released for cultivation in different agro-ecologies of the country during 2017.

        Oilseeds:- 28 high yielding oilseeds varieties comprising 8 of rapeseed-mustard, 5of soybean, 4each of groundnut and linseed, 3 of sunflower, 2 each of castor and niger were released for different agro-ecological regions.

        Pulses:- 32 high-yielding varieties of pulses comprising 10 of chickpea, 6 of lentil, 4 of cowpea, 3 of mungbean, 2 each of pigeonpea, horse gram and field pea, 1 each of urdbean, rajmash and faba bean were released for different agro-ecological region.

        Commercial Crops:- 24 high-yielding varieties for commercial crops including 13 of cotton, 8 of sugarcane and 3 of jute were released for different agro-ecological regions.

        Forage crops:- 8 high yielding varieties/hybrids of forage crops comprising 3 f oats, 1 each of bajra, napier hybrid, forage sorghum, grain amaranthus, forage cowpea and marvel grass were released for cultivation in different agro-ecologies.

        Agricultural R&D drives sustained productivity growth; increased public investment expanded intellectual property protections and improved crop varieties. Agricultural R&D is the principal source of innovation to sustain long term productivity growth; increased public investment in research led to expanded intellectual property activity - including patent, copyright, trademark filings and protection under the Plant Varieties regime - and supported development and release of numerous high yielding, stress tolerant varieties across cereals, oilseeds, pulses, commercial and forage crops.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Agricultural R&D drives sustained productivity growth; increased public investment expanded intellectual property protections and improved crop varieties.

                                Agricultural R&D is the principal source of innovation to sustain long term productivity growth; increased public investment in research led to expanded intellectual property activity - including patent, copyright, trademark filings and protection under the Plant Varieties regime - and supported development and release of numerous high yielding, stress tolerant varieties across cereals, oilseeds, pulses, commercial and forage crops.





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                                ActsIncome Tax
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