-The Hindu Policy should address credit, crop insurance, drip irrigation The government’s efforts to focus on the welfare of farmers in the Union Budget is admirable. However, in a zero-sum situation such as budget allocation, the government often finds itself trying to choose between short-term results and long-term benefits. Short term results might come with loan waivers and increase of Minimum Support Price (MSP), but care should be taken to address the...
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Why MSP at 1.5 Times Cost Is Another Empty Promise for Farmers -Kabir Agarwal
-TheWire.in Arun Jaitley’s Budget speech was vague on the details, and closer inspection reveals that it was also misleading. Arun Jaitley, presenting his fourth Budget as finance minister, announced that he is fulfilling a promise made by his party in the election manifesto for the 2014 Lok Sabha elections – the promise of a minimum support price (MSP) that is 50% higher than farmers’ cost of production. “Government has decided to keep...
More »From plate to plough: The MSP smokescreen -Ashok Gulati & Ranjana Roy
-The Indian Express Government’s claim that it has given support prices that are 50 per cent over input costs to farmers is a sleight of hand. Tall talk could increase farmer resentment The finance minister (FM) has made a smart move by announcing in the Union budget speech that the government has already fulfilled its election promise of giving minimum support prices (MSPs) of at least 50 per cent higher than their...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
More »Budget 2018: I&B Ministry tracks social media response -Nistula Hebbar
-The Hindu New unit maps volume of chatter, its nature, user location As Union Finance Minister Arun Jaitley stood up on Thursday to deliver the Budget speech this year, a real-time monitoring of public online conversations around the word “Budget” was being carried out by a small unit set up by Minister Smriti Irani in the Information and Broadcasting Ministry. The longer than usual budget speech spawned many talking points and reactions, much...
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