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Budgetary allocations to agricultural and rural sector is meagre, alleges ASHA

-Press release by Alliance for Sustainable & Holistic Agriculture (ASHA) dated 1st February, 2020 New Delhi, February 1st 2020: A thorough analysis of the Budget shows that even though the Budget speech spoke much about Agriculture and Rural sector and a 16-point program, the allocations for the Rural Economy were in fact slashed in this Budget compared to previous year. The Budget allocation for Agriculture, Allied sectors and Irrigation in 2020-21...

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Farmers' group not impressed with Union Budget 2020-21

-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...

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Budget 2020-21: Govt to announce Rs 10,000-crore 5-year plan for FPOs -Prabhudatta Mishra

-Financial Express Budget 2020: The direct budgetary aid would be in the form of a grant equivalent to the equity capital of each FPO. Budget 2020: The government will likely announce a five-year scheme in the upcoming Budget, entailing a total support —both budgetary and indirect —of Rs 7,000-10,000 crore to honour its pledge of creating 10,000 farmer producers’ organisations (FPOs) and help boost their agricultural income. The direct budgetary aid would be...

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Why sugarcane farmers don't want Brazilian President as chief guest on Republic Day -Joe C Mathew

-Business Today Brazil, a major sugarcane producer, has been against India's existing scheme to support sugarcane farmers claiming that it was beyond the permissible limits under the WTO regulations Prime minister Narendra Modi-led government's decision to invite Brazilian President Jair Messias Bolsonaro as the chief guest of India's Republic Day celebrations on January 26 has been criticised by All India Sugarcane Farmers' Federation (AISFF), an affiliate of CPIM's farmer body All India...

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Minimum support prices for winter crops up 5-7%

-Financial Express Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the Price Support Scheme sans procurement doesn't seem to be working on the groun The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing...

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