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Budget 2016 to focus on farmers, jobs, poverty eradication: Jayant Sinha

-PTI The upcoming Budget will be citizen-centric with a focus on Farm Sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. The upcoming Budget will be citizen-centric with a focus on Farm Sector, job creation and eradication of poverty, Minister of State for Finance Jayant Sinha said today. This will be the second full-fledged Budget of the ruling NDA government, and will be unveiled in Parliament...

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New insurance scheme has nothing for farmers: Swaraj Abhiyan

-PTI "At the ground level, PMFBY and the Guidelines will make no difference to the farmer-as is prevalent now, the insurance premium will be deducted without the farmers' knowledge, consent and information and when there is crop loss, the same yield based assessment arbitrarily decided by patwaris will apply," Abhiyan added. Criticising the new crop insurance scheme launched by Prime Minister Narendra Modi, Swaraj Abhiyan said it will make no difference to...

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Budget likely to focus on rural-economy schemes to blunt farm crisis -Zia Haq

-Hindustan Times The Modi government is looking to address a worrying agrarian crisis with a set of schemes and Budget provisions aimed at ramping up the larger rural economy, rather than just the Farm Sector, people familiar with the development told HT. Budget 2015-2016 is likely to provide for a more effective Pradhan Mantri Krishi Sinchayin Yojana, a flagship scheme announced last year to create irrigation infrastructure, with substantially higher allocations. The...

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Budget 2016: Why the FM needs to spend more on Farm Sector, and how -Chiranjivi Chakraborty

-The Economic Times NEW DELHI: The crisis in the country's farmland has taken out one of the biggest spenders of the economy from the demand-supply chain - farmers. The agrarian economy employs more than 50 per cent of the workforce and therefore, affects a large number of total consumers in the economy. Its conspicuous absence has resulted in weak aggregate earnings performance by India Inc, especially in the consumer durables, staples and auto...

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‘Hike Budget outlay for all agri-related departments’

-The Hindu Business Line New Delhi: Several organisations and individuals have sought higher Budget outlays for all departments dealing with the agriculture sector if the Centre is really serious about farmers’ welfare.   “Budget 2015-16 was a serious disappointment in that it actually cut down allocations for Ministry of Agriculture to levels less than 2011-12, i.e., five years earlier! (see table) …. It is clear that farmers’ welfare added to the Ministry’s...

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