-The Indian Express Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub. The Union Budget for 2018-19 has promised to fix minimum support prices (MSP) for crops to guarantee farmers at least 50 per cent returns on production costs. This is quite similar to the original recommendation of the M S Swaminathan-headed...
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Budget 2018 talks big on rural economy and agriculture. But where is the money? -Kumar Sambhav Shrivastava
-Scroll.in Many crucial schemes have been allocated less than last time and what the finance minister announced in Parliament. Arun Jaitley invoked Swami Vivekananda to drive home the point that the Budget for 2018-’19, which he presented on Thursday, was aimed at helping rural India and farmers. “Let her arise – out of the peasants’ cottage, grasping the plough; out of the huts of the fisherman. Let her spring from the...
More »Union Budget 2018: A Step Forward -Ajay Vir Jakhar
-The Indian Express Únion Budget 2018: Budget addresses the crises in agriculture. The devil is in the allocations All happy families are alike; each unhappy family is unhappy in its own way”. In Anna Karenina, only if a person is satisfied on all counts will she be happy. The allocations in the budget cover every sector, with umpteen implications, and no person’s expectations can be fulfilled on all counts. While every...
More »Union Budget 2018: Govt ensures payment of full MSP even if farmers sell below price
-Deccan Chronicle The finance minister said the agricultural output of the country is at a record high and wage of farmers will be doubled by 2022. New Delhi: The Narendra Modi-led NDA government presented the Union Budget 2018-19 on Thursday. In the last full-fledged Budget of the BJP government Finance Minister Arun Jaitley tabled a lot of proposals for the agriculture and the rural economy. For agiculture sector, the Budget 2018...
More »How government can double farmer incomes
-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...
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