-The Indian Express Under the Pradhan Mantri — Kisan Samman Nidhi scheme, all farmers cultivating up to two hectares (5 acres) will get direct income support of Rs 6,000 annually, payable in three equal instalments of Rs 2,000 each. Work out the basic arithmetic of a farm’s expense — fertiliser, machinery, fuel, seeds — and an annual Rs 6000-payout, an average of Rs 16.40 a day, doesn’t add up to much. In...
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Why everybody loves Universal Basic Income -Ankita Dwivedi Johri
-The Indian Express The Budget has promised an assured income to farmers, Rahul Gandhi a minimum income guarantee, and Sikkim a universal basic income by 2022. Back in 2016-2017, the Economic Survey said UBI was an idea whose time was ripe for discussion. As that talk picks up in the run-up to the Lok Sabha elections, The Indian Express parses the debate, starting from India’s only two pilot projects FINANCE Minister...
More »PM Kisan Samman Nidhi: Small farmers to get Rs 6000 direct cash transfer, first installment before polls
-The Indian Express Called Pradhan Mantri Kisan Samman Nidhi, the scheme will benefit about 12 crore small and marginal farmers and will come into effect retrospectively from December 1, 2018, and the first instalment will be disbursed before the elections. New Delhi: In a bid to woo the farming community ahead of the Lok Sabha elections, interim Finance Minister Piyush Goyal in his Budget speech on Friday announced a Rs 6,000...
More »Rural distress
KEY TRENDS • The report entitled Pradhan Mantri Fasal Bima Yojana: An Assessment from the Centre for Science and Environment (released on 21 July, 2017) finds that PMBY is not beneficial for farmers in vulnerable regions. For farmers in vulnerable regions such as Bundelkhand and Marathwada, factors like low indemnity levels, low threshold yields, low sum insured and default on loans make PMFBY a poor scheme to safeguard against extreme weather events. CSE's...
More »Union Budget And Other Economic Policies
**page** [inside]KEY TRENDS of the Union Budget 2023-24[/inside] Budget 2023-24 is the last full budget before the general election scheduled for 2024. An analysis of the budget allocations suggests that the union government has squeezed expenditure, particularly on food subsidy and the NREGA budget, while boosting Capital expenditure and giving the middle class tax benefits. Social sector activists working on Right to Food, the National Rural Employment Guarantee Act (NREGA) came out with...
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