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Budget and agri-commodity trading: Searching for a spot in the future -Pravesh Sharma & Raghav Raghunathan

-The Indian Express Integration of spot and derivatives markets for farm produce via e-NAM can be a potential game-changer There isn’t much from the recent Union Budget as far as new ideas for agriculture goes, yet it sends out a couple of signals suggesting the Narendra Modi government’s intent to integrate farmers better with the markets. One such signal is the proposal to come out with a ‘model law’ on contract farming for...

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Reading between the lines: Forget the rhetoric, this is no Budget for India's poor -Harsh Mander

-Scroll.in India's social-sector spending remains woefully low and despite claims of being a pro-farmer Budget, the effective allocations are nearly the same as last year. Some commentators expected that the Union Budget 2017-’18 would craft a sharp departure from earlier budgets of this government. This it would do to mitigate the immense suffering of millions of casual workers, farmers and small traders caused by the “shock and awe” of the astoundingly callous...

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What farmers want from policy-makers -Rajalakshmi Nirmal

-The Hindu Business Line A realistic MSP, better market access and warehouses Agriculture is not a profitable business in India. About 70 per cent of the country’s farmers are struggling to make ends meet. In 2012-13, the NSSO’s ‘Situation Assessment Survey of Agricultural Households’ showed that farmers who own 1 hectare or less of land see an average monthly income of ?5,247, which doesn’t even suffice to meet their household expenses. Prime Minister...

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Exposing Union Budget 2017-18: Analysis from the perspectives of SC/ST, Fisherfolks, Handloom Weavers, OBC - Riddles and Knots

-Delhi Solidarity Group Following the ritual, Government of India presented its budget with much fanfare, claiming it to be pro-poor, but the larger question that looms is whether it will really change the lives of the marginalized sections of the society. For a country like India which is ‘democratic, socialist, sovereign, republic’ working towards the ‘welfare’ of its citizens, one, either out of innocence or honest belief, tend to assume that...

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Will Budget help double farmers' income? -Vidya Venkat

-The Hindu Most of the earnings of the average farm household were spent in meeting consumption expenditures. Finance Minister Arun Jaitley announced a slew of measures in the Union Budget 2017 to boost the agriculture sector. Higher agricultural credit, higher allocation for irrigation projects, a crop insurance scheme and increased allocations for MGNREGA to dig farm ponds were among the measures announced on February 1. But will these help attain the goal...

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