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Agricultural sector growth slows down to 3%, show new estimates

  The Central Statistics Office (CSO) has recently made an upward revision to the growth to be experienced by the agrarian economy in the present crop year (viz. from July, 2017 to June, 2018). The growth in real Gross Value Added (GVA) by the agrarian sector as a whole is expected to be 3.0 percent in 2017-18 as per the second advance estimates of national income for 2017-18, which was released...

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Data shows corporates are consistently favoured over rural India -Jitendra

-Down to Earth Corporate India gets indirect subsidy equivalent to 60 per cent of government expenditure on rural areas A recent analysis has revealed a shocking injustice being done consistently to rural India by the government with corporates getting subsidies at its expense. The Inclusive Media for Change, a New Delhi-based non-profit has analysed the last seven Union Budgets. It has found that indirect subsidy, termed as “tax expenditure” that was given...

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Agriculture 2022: will the dream come true? -Siraj Hussain

-Livemint.com The strategy for doubling farmer incomes will differ from state to state, and from one region to another even within a state After two consecutive years of drought, in 2014-15 and 2015-16, farmers of many crops were hit by low market prices in several states in 2016-17. In view of widespread discontent, there is a sense of urgency about addressing their issues. Therefore, the conference organized by the ministry of agriculture...

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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...

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Centre ready to share burden of states' kisan welfare plans -Vishwa Mohan

-The Times of India NEW DELHI: As different states have come out with various schemes to protect farmers from price volatility, the Centre has expressed its willingness to support them all within the existing schemes and may even spend more in 2018-19 to procure agricultural and horticultural commodities at remunerative prices. "We will not reject states' requests. We would like states to procure as much as required to reduce farmers' pain and...

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