FM said that the government will plan to market shrimp farming and encourage financing through NABARD.
While certain WTO members have expressed concerns over India's MSP scheme for key agricultural products, and export restrictions on commodities such as rice, New Delhi maintains that the country has to protect the interests of the poor and vulnerable farmers, and take care of its domestic food security needs.
The conference of the World Trade Organization's highest decision-making body entered its fifth day on Friday, with key members including India, the United States, and the European Union holding negotiations to resolve disputes on subjects such as agriculture, fisheries subsidies, and a duty moratorium on e-commerce trade.
The allocation for aquaculture in the 2024 Budget is Rs. 852 crore higher from previous year's Rs 1,500 crore
The WTO Agreement on Fisheries Subsidies, adopted at the 12th Ministerial Conference (MC12) on June 17, 2022, marked a major step forward for ocean sustainability by prohibiting harmful fisheries subsidies, which are a key factor in the widespread depletion of the world’s fish stocks
Under the ‘Mega Awareness Campaign on Ocean Information and Advisory Services’ organised as part of Azadi Ka Amrit Mahotsav, in-depth interactions were held with over 200 coastal fishermen hailing from Maharashtra.
The World Trade Organization ministers reach historic agreements on response to fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks.
For every fisher family, India gives barely USD 15 subsidy in a year. On the other hand, there are countries which give as high as USD 42,000, USD 65,000 and USD 75,000 to one fisherman's family. "That is the extent of disparity that is sought to be institutionalised, through the current fisheries text," commerce and industry minister Piyush Goyal said.
Developed members of the World Trade Organization (WTO) are pushing to eliminate subsidies under the proposed fisheries subsidies agreement, which is under negotiation here.
While developed nations are pushing for prohibitions on subsidies, India wants an equitable and balanced outcome as the country provides support to its small and marginal fishermen who depend on the sector for sustenance.
Speaking at a webinar on the Budget’s agriculture-related announcements, Prime Minister Narendra Modi said the private sector should increase its participation in areas such as agriculture research and development, storage and processing, as well as soil testing.
The government intends to promote aquaculture through easy access to credit.
In some coastal areas, GTF has designed nets that actually allow the waves to bring in water and sand, but prevent the waters from carrying back the sand.
The Union Cabinet, chaired by Prime Minister Narendra Modi, was apprised about the MoU signed between India and Bangladesh in September, 2011 on bilateral cooperation in the field of fisheries and aquaculture and allied activities, according to an official statement.
The study is one of many about how to aid world fisheries, hit by pollution and over-fishing. Tourism draws almost 600,000 people annually to watch sharks from hammerheads to great whites, supporting 10,000 jobs in 29 countries, it said.