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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Too Little, Too Late Apathy towards the Rural Sector -Himanshu
-Economic and Political Weekly The last budget of the Modi government comes against the backdrop of severe agrarian and rural distress. It is also the last opportunity to undo the damage caused to the rural economy by this government in the last four years. While the government has finally acknowledged the gravity of the situation, its response has been limited to empty rhetoric without any financial commitment. Going by the past...
More »Dalit farmers may fail to benefit from agricultural sops announced by govt -Harry Stevens
-Hindustan Times In an effort to relieve farmers’ economic distress, the Centre included in the Union Budget an increase in the minimum support price (MSP) for monsoon crops and pledged Rs 500 crore to Operation Greens, a programme to help growers of tomatoes, onions, and potatoes. New Delhi: The benefits from the Union Budget’s concessions to agriculture will not be shared equally among Indian farmers. Dalits, in particular, may lose out on the...
More »Size of tax rebates is large as compared to spending by agricultural & rural development ministries
Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
More »Budget 2018 has incentivised unsustainable groundwater use: SANDRP -Jayashree Bhosale
-The Economic Times PUNE: The budget allocated Rs 2600 crore for ground water irrigation scheme in 96 deprived irrigation districts. However, water sector activists claim this scheme will blindly incentivise use of groundwater in unsustainable matter. The Finance Minister announced in his speech: Ground water irrigation scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko Pani will be taken up in 96 deprived irrigation districts where less than 30% of the...
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