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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Govt needs to balance farmer, consumer interests: Assocham
-PTI The government has to walk a tightrope to balance farmers' and consumers' interest in view of the Budget announcement on MSP that could further push up inflation, industry body Assocham said today. In the Union Budget 2018-19, the government promised to fix the minimum support price (MSP) at 50 per cent higher than the cost of production. "The Budget with a huge focus on agriculture has raised expectation level in rural landscape....
More »Millet Mission to promote nutrient-rich cereals; Rs. 800-crore outlay on the cards -Vishwanath Kulkarni
-The Hindu Business Line Likely to be announced in Budget; will help tackle malnutrition, support ryots Bengaluru: In the National Year of Millets, the Centre proposes to adopt a mission-mode approach to promote the nutrient-rich cereals, including sorghum, ragi and foxtail millets. Official sources said a Millet Mission is being proposed with an outlay of ?800 crore for the next two years to boost production of these cereals, which are naturally rich with...
More »Budget 2018: Can Centre allay farmers' concerns over price crash, low market density? -Jitendra
-Down to Earth The average agricultural growth has reached its lowest in the last four years to 1.9 per cent While presenting Union Budget 2017-18, Finance Minister Arun Jaitley gave much emphasis on farmers. He even announced an increased budget outlay for agriculture, which made media houses declare it as a budget for rural India. Soon, the dust settled down and reality came to the surface. The budget was increased by...
More »Was BJP's 2014 manifesto a jumla for farmers and agriculture sector? -Sanjeev Singh
-The Times of India blog With little over than a year left for the 2019 general elections, the Narendra Modi led NDA government has finally remembered the farmers of the country. Last week, finance minister Arun Jaitley said agriculture sector is the government’s top priority in this year’s budget. This has left many surprised considering BJP had promised to ensure a minimum of 50% profit over cost of production in their...
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