-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...
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Union budget 2022-23: Big cut in fertilisers subsidy to worry farmers -Bhagirath
-Down to Earth Urea subsidy cut 17%; allocation for NPK subsidy reduced 35% Amid acute shortage of fertilisers in India, Union finance minister Nirmala Sitharaman February 1, 2022, reduced subsidy on urea and nutrient-based (NPK) fertilisers. The move is expected to adversely hit the ailing farm sector. The Rs 63,222.32 crore allocation for urea subsidy in her Budget for 2022-23 was 17 per cent lower than the revised estimates (RE) for 2021-22. Another...
More »Should the government loosen its purse strings? -Prashanth Perumal
-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
More »Low yield boon for Haryana farmers, cotton sells 60% above MSP -Deepender Deswal
-The Tribune In Sirsa, private players are buying cotton at up to Rs 9,700 per quintal whereas the government has fixed the MSP at Rs 5,925 Sirsa: The low cotton yield this season due to excessive rain and pink bollworm attack has resulted in the crop selling at over 60 per cent higher than the minimum support price (MSP). In Sirsa, private players are buying cotton at up to Rs 9,700 per...
More »Centre may reduce moisture content limit for wheat, paddy. Why this will hurt farmers -Shagun
-Down to Earth The government is trying to gradually withdraw from procurement operations, MSP regime with this move, feel farmers A recent draft proposal by the Union government to change the moisture content limit for wheat and paddy has farmers worried ahead of the rabi procurement season that begins April 2022. The ideal moisture content in wheat may be reduced to 12 per cent from 14 per cent and in paddy to 16...
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