-PTI The government has to walk a tightrope to balance Farmers' and consumers' interest in view of the Budget announcement on MSP that could further push up inflation, industry body Assocham said today. In the Union Budget 2018-19, the government promised to fix the minimum support price (MSP) at 50 per cent higher than the cost of production. "The Budget with a huge focus on agriculture has raised expectation level in rural landscape....
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Rajasthan govt waives loans of up to Rs 50,000
-The Times of India JAIPUR: Close on the heels of BJP’s rout in parliamentary and assembly bypolls earlier this month, Rajasthan chief minister Vasundhara Raje on Monday announced a waiver for farm loans up to Rs 50,000 taken by small and marginal Farmers. The waiver was part of the last budget of her government’s term. The sop to woo agitating Farmers ahead of the assembly polls, scheduled for the end of...
More »Loan waiver to bonus payments, poll-bound states target Farmers -Deep Mukherjee & Milind Ghatwai
-The Indian Express While Rajasthan Chief Minister Vasundhara seeks to recover from the recent disastrous bypoll where the BJP lost two Lok Sabha seats and an assembly seat to the Congress, MP’s three-time CM Shivraj Singh Chouhan aims to mitigate three-time anti-incumbency. From crop loan and land revenue waivers to bonus payments and free crop storage, Rajasthan and Madhya Pradesh announced a slew of sops Monday targeting Farmers and rural voters...
More »Budget steps may not lift rural consumption soon -Ratna Bhushan & Sagar Malviya
-The Economic Times NEW DELHI | MUMBAI: The government's spending in the budget aimed at bolstering rural development and providing higher income for Farmers has not increased significantly and it may take at least two quarters to drive growth in the hinterland, consumer goods companies said. More than a third of daily-use branded products are sold in the rural areas, home to about 800 million people, whose purchasing behaviour depends on farm...
More »With Latest MSP Promise, the False Narrative Surrounding Costs and Farmer Incomes Continues -Ramandeep Singh Mann
-TheWire.in The need of the hour is to set up a Farmer pay commission, which can fix a minimum assured income of a Farmer household. About halfway during the budget speech – while announcing the government’s plans for dealing with India’s agrarian crisis – finance minister Arun Jaitley made a rather bizarre statement. Apparently, according to Jaitley, the Modi government has already provided more than 50% margin over cost of production for...
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