-The Indian Express The court also recommended that MSP be granted legal status by bringing in suitable legislation. Chandigarh: The Punjab and Haryana High Court Monday said the minimum support price (MSP) in the agriculture sector should be three times the cost of production of major crops to save farmers from distress. The court also recommended to the Union government and the Punjab government that MSP should be provided legal status,...

  A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...

-Business Standard/ India Spend For the first time since Independence, India saw a shift of surplus labour from agriculture to the non-agricultural sectors Although income mobility improved country-wide in the seven years to 2012, the progress was unequal between states, while the likelihood of children pursuing the same occupation as their fathers declined for those employed in the low productivity agricultural sector, noted a January 2019 study on economic mobility. Farmers’ children were...

-The Indian Express A 2 per cent TDS on cash withdrawals beyond Rs 1 crore may hit the farm trade hard. One of the 2019-20 Union Budget’s less-discussed proposals, having significant implications for agricultural trade, is the levy of a 2% TDS (tax deducted at source) on cash withdrawals exceeding Rs 1 crore in a year from any bank account. The levy — aimed at promoting “digital payments” and a “less cash...

-Livemint.com * FM vows to invest widely in agriculture infrastructure, but offers little to revive rural income and demand * In terms of new schemes, the budget announced Pradhan Mantri Matsya Sampada Yojana for the fisheries sector and another to boost traditional industries In March 2018, Rakesh Sangwan, 27, a farmer in Haryana’s Charkhi Dadri, stopped watering his tomato plants. The crop slowly withered away and, subsequently, it was mowed down by a...