What is the current state of agriculture in India?

Ans.

1.Prevent Collisions
• Left-turn collision
The tractor begins to turn left at the same time that a road user attempts to overtake resulting in a collision.The police advise that the tractor driver ensures all maneuvers are clearly signaled.
• Sideswipe collision
A motorist could be side-swiped by a tractor when attempting to overtake it. This could happen when the tractor is towing equipment that is extra wide or long. The police advise that reflective materials should be used to mark the extreme front points of the equipment.

• Rear-end collision
The road user does not see or mis-judges the speed of a tractor and hits the rear end. The police advise that tractors not capable of exceeding 25mph may use an amber beacon to ensure that they are clearly visible to other road users. In certain circumstances the use of a beacon is obligatory. Tractor drivers should also make sure that their brake lights are fully working and brakes used to clearly show to other motorists that they are slowing down.
2. Performing a walk around before you start
Some people just hop on their tractor turn the key and go to work. Taking a few seconds to walk around the tractor and visually check it over can save you lots of time and potentially prevent injuries. Look for low tires, leaks, missing linkage pins, and debris in the grill.
Always pull the dipstick and check your engine oil before you start your tractor for the first time each day. You will get the most accurate reading because most of the oil has had time to drain back down into the pan.
3. Not balancing your load
There are so many epic tractors fail videos about tipping and rollovers. Most tipping incidents are due to working on sloped or soft ground, or to heavy, unbalanced loads. Make sure you’re on solid ground and you’re using the right equipment for the job. For example, On a slope you should have a heavier tractor and wide tires with good traction.
4.Missing maintenance
Tractors last a long, long time, but only with proper maintenance. Just like a car, you need to change the oil, use fresh fuel, and regularly check belts, lights, lubrication, and every part of the machine that can possibly go wrong. It’s just too expensive not to.
Keep track of working hours and stick religiously to your maintenance schedule . Learning to do regular maintenance, like clean filters, grease the joints, and check fluid levels will help you avoid trouble. Using the wrong tractor hitch pin. Hitch pins are such a small thing that people don’t give them much thought. If you have a tractor that requires a hitch pin to pull implements, make sure you get the right size or you could cause all kinds of havoc.Eyeballing it isn’t accurate. You need a pin that’s small enough to fit the hole, and strong enough to pull your load. Don’t guess.

   26-Dec-2020 |   Answer by: Ram

Ans.

The agriculture sector is the mainstay of the Indian economy, contributing about 15 percent of national Gross Domestic Product (GDP) and more importantly, about half of India’s population is wholly or significantly dependent on agriculture and allied activities for their livelihood.
Development of agriculture will help in the upliftment of the farmers but also benefit the larger section of the rural poor who are directly engaged in agriculture or indirectly linked with agriculture as consumers.
Empowerment of the small and marginal farmers through education, reforms, and development will ensure a better, efficient, and strengthened Indian agriculture. Motivation new models in production and marketing along with creating awareness and imparting education to small farmers will help in the development of the sector and more importantly improving the economic status of poor farmers.
India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller financial entities. the financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64 percent of the total assets held by the financial system.
The Government of India has introduced several reforms to liberalize, regulate and enhance this industry.
Another crucial component of India’s financial industry is the insurance industry. The insurance industry has been expanding at a fast pace.
Along with the secondary market, the market for Initial Public Offers (IPOs) has also witnessed rapid expansion.
Furthermore, India’s leading bourse Bombay Stock Exchange (BSE) will set up a joint venture with Ebix Inc to build a robust insurance distribution network in the country through a new distribution exchange platform.

The Government of India launched India Post Payments Bank (IPPB), to provide every district with one branch which will help increase rural penetration. India is today one of the most vibrant global economies, on the back of robust banking and insurance sectors. The relaxation of foreign investment rules has received a positive response from the insurance sector, with many companies announcing plans to increase their stakes in joint ventures with Indian companies
The insurance industry of India consists of 57 insurance companies of which 24 are in life insurance business and 33 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. Apart from that, among the non-life insurers, there are six public sector insurers.

The Insurance Regulatory and Development Authority of India (IRDAI) plans to issue redesigned initial public offering (IPO) guidelines for insurance companies in India, which are to looking to divest equity through the IPO route. The future looks promising for the life insurance industry with several changes in regulatory framework which will lead to further change in the way the industry conducts its business and engages with its customers. Demographic factors such as growing middle class, young insurable population, and growing awareness of the need for protection and retirement planning will support the growth of Indian life insurance.

   26-Dec-2020 |   Answer by: Ram