-The Hindu Policy should address credit, crop insurance, drip irrigation The government’s efforts to focus on the welfare of farmers in the Union Budget is admirable. However, in a zero-sum situation such as budget allocation, the government often finds itself trying to choose between short-term results and long-term benefits. Short term results might come with loan waivers and increase of Minimum Support Price (MSP), but care should be taken to address the...
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From plate to plough: The MSP smokescreen -Ashok Gulati & Ranjana Roy
-The Indian Express Government’s claim that it has given support prices that are 50 per cent over input costs to farmers is a sleight of hand. Tall talk could increase farmer resentment The finance minister (FM) has made a smart move by announcing in the Union budget speech that the government has already fulfilled its election promise of giving minimum support prices (MSPs) of at least 50 per cent higher than their...
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 »Will Use Formula That Farmers Want: Niti Aayog Boss On Budget Pledge -Mala Das
-NDTV Finance Minister Arun Jaitley had announced a 1.5-time hike in MSP or minimum support price for certain crops in his budget. But how that would pan out had farmers' groups worried. One of the biggest announcements in this year's budget was the promise to fix minimum support prices, the price at which the government buys crops from farmers, at 50 per cent over their cost of production. But the decision has...
More »Will linking MSP with cost really have any benefits? No, say farmers & experts -Chitleen K Sethi
-ThePrint.in Farmers’ bodies and experts say the key to any benefit to farmers lies in how the production cost or the cost of cultivation is calculated. Chandigarh: One of the most significant takeaways from the Union Budget presented by finance minister Arun Jaitley Thursday was the proposed increase the minimum support price (MSP) for all unannounced kharif crops to at least one-and-a-half times the production cost. The announcement is expected to directly impact...
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