-The Hindu Most of the earnings of the average farm household were spent in meeting consumption expenditures. Finance Minister Arun Jaitley announced a slew of measures in the Union Budget 2017 to boost the agriculture sector. Higher agricultural credit, higher allocation for irrigation projects, a crop insurance scheme and increased allocations for MGNREGA to dig farm ponds were among the measures announced on February 1. But will these help attain the goal...
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Activist says budget is not good for farmers -Sowmya Aji
-The Economic Times BENGALURU: Finance Minister Arun Jaitley’s pro-farmer pro-rural budget has largely got a thumbs down from farm activists and agriculture experts in Karnataka, a state with 91 percent of its area reeling under severe drought and a rural economy collapse post-demonetisation. The state’s current agriculture growth rate, despite the drought, is an estimated 4.2 per cent, marginally higher than the 4.1 per cent that Jaitley has projected for the country....
More »Punjab farmers give thumbs down to Budget provisions -Manraj Grewal Sharma
-Hindustan Times Nawanshahr: “The budget is far removed from reality.” That is how young Meet Pal Singh, an MBA who has set up a polyhouse in Mahalon village of Nawanshahr, dismisses the budget. The tall light-eyed youth, who is feted as a progressive farmer in the area, says the Modi government should first focus on implementing the MS Swaminathan report for farmers before coming up with a new set of proposals. Dr...
More »Budget 2017: High on rhetoric, low on delivery -Himanshu
-Livemint.com While there have been some positives, including the reforms on political funding, the real test of the budget was the ability to manage spending to revive the economy This was the fourth budget of the National Democratic Alliance (NDA) government. Coming at a time when the world around is full of uncertainties, more was expected from the budget than what has been delivered. The domestic uncertainty is certainly the outcome of demonetisation....
More »Rural employment scheme gets highest-ever funding
-The Hindu FM allocates Rs.48,000 crore for MGNREGA; says it will be brought under digital scrutiny The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), once described by Prime Minister Narendra Modi as a “living monument of the UPA’s failure,” got its highest ever allocation — Rs.48,000 crore — since its inception over a decade ago. Finance Minister Arun Jaitley, however, indicated that the funds dispensed would come under increased digital scrutiny. “The...
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