-Indian Council for Research on International Economic Relations (ICRIER), Working Paper 383 Farmers, especially small and marginal, do not directly trade in agri-futures market in India. Their small size, lack of trust and understanding of futures market and dependence on middlemen, are some of the main deterrents. The role of Farmer Producer Organizations (FPOs) is crucial in this context since they can procure commodities, aggregate them and ensure that size and...
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Recently presented Union Budget does not provide updated data on important heads for FY 2018-19
During budget presentations, budget documents, which are provided, carry updated data and information related to various departments and ministries of the Central Government such as on revenues, expenditures, deficits etc. Recently economists like Dr. Rathin Roy and Prof. Jayati Ghosh have expressed concerns about the Ministry of Finance for not uploading updated and appropriate budgetary data and figures on the website www.indiabudget.gov.in following the 2019-20 Union Budget presentation by the...
More »MP Raju Shetti, Maharashtra's foremost farmer leader and president of Swabhimani Shetkari Sanghtana, interviewed by Ajaz Ashraf (Newsclick.in)
-Newsclick.in “Our population today is around 136 crore. Where will you get food grains for them through zero budget farming? This is sheer madness.” There is an inherent seductive charm to the term zero budget natural farming, for it makes the arduous occupation of agriculture appear beguilingly simple, an economic proposition without any risk or even requirement of capital. Coined by the Vidarbha-based farmer, Subhash Palekar, who was bestowed with the Padma...
More »Deposits in Jan Dhan accounts cross Rs.1-trillion mark
-PTI * The scheme was launched on 28 August, 2014, with an aim to provide universal access to banking facilities to people in the country * The total balance in over 36.06 crore PMJDY accounts was at Rs.1,00,495.94 crore as on 3 July New Delhi: Deposits in bank accounts opened under Jan Dhan scheme, launched about five years ago by the Modi-government, have crossed the Rs.1 lakh crore mark. As per the latest finance...
More »Every number in Budget is authentic, says Sitharaman amid row over disparity in GDP figures
-The Indian Express The Economic Survey, released by Chief Economic Advisor S Krishnamurathy a day before the Union Budget, pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent. New Delhi: Finance Minister Nirmala Sitharaman Wednesday dismissed speculations surrounding the GDP figures quoted in the Union Budget, saying “every number is authentic”. Replying to the debate on her maiden Union Budget in the Lok...
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