-The Economic Times Finance Minister Arun Jaitley has given ample hint that Budget 2018 is going to be a farmer's Budget. Jaitley has said the agriculture sector is the top priority for the government because the country's economic growth is not justifiable and equitable unless the benefits were clear and evident in the farm sector. After launching options trading in guar seed on commodity exchange NCDEX yesterday, Jaitley said, "We see in...
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The culture of freebies must give way to the use of technologies in farm -Neeraj Kaushal
-The Economic Times Politicians in India firmly believe that the woes of farmers can be solved with freebies: free electricity, free water, farm loan waivers, fertilisers and seed subsidies, minimum support prices, etc. Little attention is paid to what really ails Indian agriculture: low productivity. From rice to wheat to coarse grains and pulses, from cash crops to food crops, Indian agriculture is punctured with very low productivity. Let's start with rice....
More »Expect a Budget for angry Bharat -TV Jayan and Rutam Vora
-The Hindu Business Line Falling farm prices, drying up of industrial jobs and lesser MGNREGA work have sharpened rural discontent. The Budget cannot ignore these factors in a year of 8 State polls The year 2017 was roiled by rural discontent. After two consecutive drought years (2014-15 and 2015-16), when agriculture growth plummeted (see table), the countryside was awash with hope after a good monsoon in 2016-17. However, record foodgrain output (272 million...
More »Govt's ambitious fertilizer subsidy reform plan -R Sree Ram
-Livemint.com Overall, while the government is trying to reform the fertilizer subsidy payment mechanism, the challenge is to make sure the new system works before implementation Union minister for chemicals and fertilizers Ananth Kumar’s ambitious plan to clear the fertilizer subsidy backlog before the implementation of the direct benefit transfer (DBT) scheme next fiscal year (FY19) has come as surprise to many. The huge subsidy backlog (estimated at Rs35,000 crore as of FY17)...
More »Price collapse: The MSP mirage -Parthasarathi Biswas
-The Indian Express Modi government’s decision to hike import duty on edible oils has come too little, too late for soyabean farmers Latur: Arun Kulkarni planted soyabean on 10 out of his 14-acre holding in the recent kharif season and harvested 65 quintals of the crop towards September-end. But unlike most of his neighbours, this farmer from Tandulja village in Latur — Maharashtra’s largest soyabean-growing district and the country’s No. 2...
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