Agriculture Current Affairs

Union Cabinet approves MoU between India and Taiwan for cooperation in field of Agriculture

The Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) between India and Taiwan for cooperation in the field of Agriculture and Allied Sector.

Decision in this regard was taken at the Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi.

Key facts

  • The MoU will be singed between Taipei Economic and Cultural Centre in India and India Taipei Association in Taipei, Taiwan.
  • It provides for cooperation in the fields of Agriculture, Animal Husbandry, Horticulture, Aquaculture, Fisheries and Food Processing, Genetic Resources as well as Environmental Sustainability.
  • Both signatory parties will encourage the private sector in both countries to enter into cooperation in these areas.
  • The cooperation between the two sides involves exchange of information, technology, visits and training and also expansion of agricultural trade while reducing trade barriers.
  • The MoU will be in force for a period of 5 years and shall be automatically renewed for a subsequent periods of 5 years unless either party expresses its desire to terminate it.

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ADB approves $100 million loan for irrigation system in Tamil Nadu

The multilateral lending agency Asian Development Bank (ADB) has approved 100 million dollars loan to strengthen a key irrigation system and improve water management in the Vennar sub-basin of Cauvery Delta in Tamil Nadu.

The loan funds seeks to

  • Support both physical improvements and stronger water management to give significant boost to the lives of coastal communities who do not have sufficient irrigation water
  • Strengthen the embankments of six major irrigation water channels in Vennar system to make them more resilient to floods.
  • Upgrade water regulators, pump stations and sluices to boost management so that more community members will be tapped to avail water services.

The Cauvery delta is located on the east coast of Tamil Nadu. It is known as the ‘rice bowl’ of the state. Over 70% of the delta population is engaged in farming and fishing. They have unreliable access to water and flooding common during the monsoon season.

About Asian Development Bank (ADB)

  • ADB is based in Manila, Philippines.
  • Established: 1966
  • Members: It is owned by 67 members – 48 from the region including India.
  • It is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.

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India, ADB ink $120 million loan agreement for irrigation in Odisha

India has signed loan agreement of US 12 crore dollars with the Asian Development Bank (ADB) to improve irrigation and water management infrastructure in Odisha.

The soft loan is the second tranche of a 157.5 million dollars financing facility under the Orissa Integrated Irrigated Agriculture and Water Management Investment Program.

Key facts

  • The programme aims to improve existing irrigation infrastructure, maintenance and operation and water use efficiency that will lead to higher agricultural productivity.
  • The selected areas for the investment program are the Brahmani, Baitarani, Budhabalanga and Subernarekha river basins and part of Mahanadi Delta.
  • The financing under it will be used for modernizing seven irrigation subprojects resulting in improved irrigation in over one lakh hectares.
  • It will be also used for strengthening the institutional capacity of Odisha’s Department of Water Resources.

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