Karnataka signs MOU with Microsoft

Karnataka Agriculture Department has signed an MoU with Microsoft India to develop a unique “farm price forecasting model” using latest IT tools in a bid to help farmers, administrators and other stakeholders to understand the market behaviour in advance.

The proposed initiative is the first-of-its-kind in the country as it is a “multi-variate” one that takes into consideration various factors beyond the conventional supply-demand equation while forecasting the prices for crops. It will examine a slew of related factors including weather, rainfall and external factors that impact market behaviour.
Important Takeaways from Above News-
  • Siddaramaiah is the CM of Karnataka.
  • Vajubhai Vala is the Present Governor of Karnataka.
Source- The Hindu

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