-PTI Amritsar: "In the coming time, we have plans to spend Rs 50,000 crore on farming and irrigation sectors in the country." Union Finance Minister Arun Jaitley on Tuesday said the Centre was planning to spend Rs 50,000 crore on the farming and irrigation sector and plans were also afoot to roll out an insurance scheme exclusively for the farming sector to compensate for crop loss. Admitting that the condition of farmers is...
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From plate to plough: Padyatras, politics, policies -Ashok Gulati
-The Indian Express Rahul Gandhi will help farmers more if he focuses on how policies are implemented On April 30, Congress vice president Rahul Gandhi undertook a padyatra of about 15 km in the Vidarbha region to register his sympathy and concerns for farmers. Vidarbha has been reeling under agrarian distress for many years, and has also been an epicentre of farmer suicides. Cotton being one of the primary crops of this...
More »India’s silent spring -Ashwini K Swain & Glada Lahn
-The Hindu Business Line Overuse of groundwater, fertiliser and energy threatens the future of agriculture. A coherent policy response is called for India's agricultural sector is far more important to the country than its falling share in the GDP suggests. About two-thirds of India's population depends on agriculture for livelihood. Bucking global trends, the agricultural population in India rose by 50 per cent between 1980 and 2011. And in spite of sustained...
More »Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »A budget to transform -Pulapre Balakrishnan
-The Hindu In the present state of the economy, when there is excess capacity in manufacturing, adequate stocks of foodgrain and the inflation rate is trending downwards, there is an opportune moment for a public investment-centred fiscal expansion Over the past eight months, the government has issued some strong statements on the economy and taken some bold steps aimed at transforming it. As it prepares to present its first real budget we...
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