-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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Agriculture: Budget promises MSP 50% above cost, doesn't define which cost -Harish Damodaran
-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...
More »Punjab industry gives thumbs down to Arun Jaitley's Union Budget -Mohammad Ghazali
-Hindustan Times The industry termed it a populist budget to reap electoral gains. Ludhiana: The industry in Ludhiana found nothing to cheer about in the Union Budget presented by finance minister Arun Jaitley on Thursday. Industrialists and traders from across the city, often called the Manchester of India, were expecting tax relief and sops for micro, small and medium enterprises. President of the Federation of Industrial and Commercial Organization Gurmeet Singh Kulhar said...
More »The last budget of Modi government -Himanshu
-Livemint.com The budget to be presented on 1 February may be the last full budget of the Narendra Modi government unless it uses the opportunity to revive the economy The budget to be presented on 1 February will be the last full budget of this government. The budget in 2019 will only be a vote-on-account. But whether this will be the last full budget of the Narendra Modi government will depend on...
More »Budget 2018: Focus on MSP ideal for tackling farm distress -Ramesh Chand
-The Economic Times The agriculture sector and farmers are passing through a difficult phase. The sector suffered a blow from back-to-back droughts during 2014-15 and 2015-16 followed by low and depressed farm level prices during 2016-17 and kharif 2017, mainly due to global price trends. This has intensified the demand for ensuring MSP (minimum support price) and raising MSP. The forthcoming budget needs to take a call to launch effective measures to...
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