-Livemint.com/ HowIndiaLives.com Even as it presses for market reforms in agriculture, the Centre has been actively using the basket of schemes wholly funded by it to widen the social security net for farmers. Expect that to continue in the coming Budget In 2016, the BJP-led government set itself the target to double farmers’ incomes by 2022. An inter-ministerial committee set up to recommend strategies to meet this target highlighted seven sources of...
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Income of 84% Indian households fell in 2021 while 40 new billionaires emerged: Oxfam report
-Scroll.in The non-profit group said that while the wealth of Indian billionaires rose by Rs 30 lakh crore during pandemic, over 4.6 crore people fell to extreme poverty. The income of 84% Indian households declined in 2021 while the number of billionaires in the country grew from 102 to 142 during the last year, non-profit group Oxfam said in a report released on Sunday. In its report titled “Inequality Kills”, Oxfam said that...
More »Oil, Budget and economic sentiment -Roshan Kishore and Vineet Sachdev
-Hindustan Times Traditionally, Union Budgets have mattered for people at large because of two reasons: prices of goods and income tax rates.There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates There is some merit in the argument that inflation is a bigger dampener on economic sentiment in India than low growth rates. Traditionally, Union Budgets have mattered for people...
More »Look out for the FY22 revised estimates -Madan Sabnavis
-Financial Express This is of special interest as FY22 was challenging on several fronts, needing govt intervention Budget FY23 will, of course, be important for the content and its take on the economy, given the Union government has to necessarily take a call on how it thinks the third wave has affected the economy and accordingly make provisions in the Budget. But, also important will be the revised numbers for the different estimates...
More »Zero-Budget natural farming could lead to yield loss: Panel -Sandip Das
-Financial Express According to Rao, the ICAR committee went through more than 1,400 scientific journals on various methods of promotion of sustainable agriculture besides interacting with farmers who have claimed to have adopted ZBNF across seven states. Large scale adoption of Zero Budget Natural Farming (ZBNF) — farm practices which exclude all synthetic chemical inputs and promote use of on-farm biomass — would result in ‘tremendous reduction’ in production of agricultural crops...
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