-Firstpost.com It was a replay of last year. Finance Minister Arun Jaitley read out his budget speech, paying special attention to agriculture and rural areas. He highlighted a few figures. The media caught on to his words and figures and declared the budget to be pro-farmer, pro-rural and pro-poor. We analysed the FM speech in our KisanSansad, held this year at Jantar Mantar, to coincide with the budget presentation. We were disappointed...
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How the Krishi Kalyan Cess funded flagship schemes for farmers -Sayantan Bera
-Livemint.com Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm sector, will raise Rs 9,000 crore in 2016-17 New Delhi: Krishi Kalyan Cess, a 0.5% cess on all taxable services introduced last year to support a drought-hit farm sector, will raise Rs 9,000 crore in 2016-17, budget documents presented in the parliament on Wednesday showed. The central government is spending money from this corpus...
More »Economic Survey 2017 slams excessive regulation in India's agriculture sector -Sayantan Bera
-Livemint.com On demonetisation’s impact on the agriculture sector, the Economic Survey said higher winter plantings may not necessarily lead to higher production New Delhi: India’s farm sector is entwined in regulation and is a living legacy of the socialist era, the Economic Survey released on Tuesday said, criticizing curbs on marketing of agriculture produce and imposition of stock limits on traders. “While progress has been made in the last two years, producers (farmers)...
More »Budget 2017: What finance minister Arun Jaitley said versus what the numbers show -Samarth Bansal
-Hindustan Times The budget is about policy, and the budget speech has to strike a balance with Politics. How well do they match? The allocation for MGNREGA is up 1% What Jaitley said: “Honourable Members would be happy to note that the budget provision of Rs. 38,500 crores under MGNREGA in 2016-17 has been increased to Rs. 48,000 crores in 2017-18. This is the highest ever allocation for MGNREGA.” What the numbers say: Yes,...
More »The hidden agenda of benevolence -G Sampath
-The Hindu The growing chorus for a universal basic income is a ruse to eliminate or roll back significantly the public distribution system and signature welfare programmes The idea of a universal basic income (UBI) has been gaining ground globally. While Switzerland held a referendum on it last year (it was voted down), Finland introduced it earlier this month. Media reports suggest that the government of India’s flagship Economic Survey this year...
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