Q3) Explain the concept of Right to Inheritance. State its one limitation in the context of Indian agriculture.
Answers
The policy also emphasises the conservation of bioresources through their ex-situ preservation in Gene Banks and in-situ preservation in their natural habitat through biodiversity parks and so on. Biomass, organic and inorganic fertilisers, pesticides and pest management are also promoted. The policy stipulates that the application of frontier sciences should be encouraged, for example:
Biotechnology.
Remote sensing technology.
Pre-harvest and post-harvest technology.
Energy saving technology.
The policy also promotes technology for environmental protection through research undertaken by the government as well as research that is proprietary in nature.
Acquisition of agricultural companies
3. Is the acquisition of domestic agricultural companies by foreign investors subject to special prior government approval(s)? Set out the approval procedures and the authorities involved.
The regulatory framework applicable to foreign entities investing and establishing a business presence in India, the Foreign Direct Investment (FDI) policy, is determined by the Ministry of Commerce and Industry. The current FDI Policy, with effect from 7th June 2016, will be further amended from time to time in accordance with the objectives of the Government of India.
The FDI policy allows automatic registration of foreign investments of up to 100% of the shares in:
Floriculture, horticulture, apiculture and cultivation of vegetables and mushrooms under controlled conditions (see below).
Development and production of seeds and planting material.
Animal husbandry (including breeding of dogs), fish farming, aquaculture, under controlled conditions.
Services related to agro and allied sectors.
These projects require no prior government approval. Foreign investment is not allowed in any other agricultural activities.
In addition, the following specific regulations apply to the broader permitted categories listed above:
The companies dealing with development of transgenic seeds/vegetables, genetically modified seeds or planting material are obligated to meet all safety requirements as stated under the Environment (Protection) Act on genetically modified organisms (GMOs). Further, the import of GMOs may be subject to the conditions laid down in the notifications issued under the Foreign Trade (Development and Regulation) Act 1992. Lastly, the prior approval of the Genetic Engineering Approval Committee (GEAC) and the Review Committee on Genetic Manipulation (RCGM) is required for the undertaking of business activities which involve the use of genetically engineered cells and material.
Cultivation "under controlled conditions" for floriculture, horticulture, cultivation of vegetables and mushrooms can be effected through protected cultivation under greenhouses, net houses, polyhouses or any other improved infrastructure facilities where micro-climatic conditions are regulated anthropogenically.
The scope of the term "under controlled conditions" in the context of animal husbandry is the conformity with the existing "Standard Operating Practices and Minimum Standard Protocol". Poultry breeding farms and hatcheries, where there is regulation of climate through advanced technologies are included.
In the case of fish aquaculture, the scope of the term "under controlled conditions" covers aquariums and hatcheries, where eggs are artificially fertilised and fry are hatched and incubated in an enclosed environment with artificial climate control.
In the case of apiculture, the scope of the term "under controlled conditions" covers production of honey by bee-keeping, except in forests, in uncultivated areas, in designated spaces with control of temperatures and climatic factors like humidity and artificial feeding during lean seasons.
Besides the activities listed above, foreign investment of up to 100% under the Government route is permitted in the tea sector, including tea plantations.
Answer:
The concept where son's inherit a share of their father's land is called Right of inheritance. But if the land that was with the father was less then very small plots of shares will be divided amongst the successors. Land will be small which means the surplus generated for selling will be less as not at all produced.
Explanation:
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