-Down to Earth But boost in agriculture budget not enough, say experts Sensing the prevailing agriculture crisis, Union finance minister Arun Jaitley announced in the Union Budget that budgetary allocation for the agriculture and farmers’ welfare ministry will be increased 45 per cent compared to last year. The government has set aside an allocation of Rs 35,984 crore which is Rs 11,000 crore more than that of last year. (See table)....
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Budget 2016: Allocation math for agriculture sector doesn’t add up -Sayantan Bera
-Livemint.com The agriculture sector saw a 94% increase in allocation, but an analysis of the numbers suggest that the real hike is a modest 27% New Delhi: In a bid to revive Growth in agriculture and improve farm incomes, at a time when rural India is weathering a protracted period of distress, the Union Budget presented on Monday placed a renewed focus on the farm sector by increasing funds for crop insurance...
More »'Too little' tag on rural job scheme raise
-The Telegraph New Delhi: Finance minister Arun Jaitley today promised an 11 per cent hike in funds for the rural job scheme over the last financial year but critics termed it "highly insufficient", citing the wage arrears and increased demand. The government, though, has spent substantially more on the scheme this financial year than it had allocated in the last budget. Jaitley has earmarked Rs 38,500 crore for the Mahatma Gandhi National Rural...
More »No Gamechangers For Farmers -Ashok Gulati
-The Indian Express Budget makes the right moves on agriculture, but they may not be bold enough. In the last two weeks, Prime Minister Narendra Modi addressed three rallies of farmers, one each in MP, Karnataka and UP. Although it was late in the game, as farmers have been reeling under acute distress for two years, yet better late than never. Addressing the rallies, the PM thundered he would like to...
More »Applause and the fine print -Devadeep Purohit
-The Telegraph Arun Jaitley today drew loud cheers from the fiscal conservatives as he displayed "prudence" and stuck to the fiscal deficit - which captures the government's borrowing requirements - target of 3.9 per cent of the GDP for 2015-16 and pegged it at 3.5 per cent of the GDP for 2016-17. As the achievement came despite all the problems that the Indian economy faced - the Economic Survey presented details of...
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