-Down to Earth The 2016 Budget has the right intent for the rural sector, but lacks clarity Union finance minister Arun Jaitley devoted a major part of his third budget speech to “transform India” and of the nine pillars to achieve the goal, three were on strengthening the rural sector. Altogether, the rural sector (including irrigation and agriculture) received close to Rs 200,000 crore this Budget, which makes one point clear:...
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A budget for Bharat can reset the narrative -Anil Padmanabhan
-Livemint.com Pro-poor and yet not populist can be the single defining strand of this year’s Union budget The run-up to this year’s Union budget, especially the past one week, has taken place in the backdrop of an unprecedented, vicious political confrontation between the ruling Bharatiya Janata Party (BJP) and the opposition. Together with the hit-wicket tendencies of the BJP-led National Democratic Alliance (NDA), it probably exaggerated the magnitude of every challenge...
More »Economic Survey recommends using MGNREGA to revive water bodies -Jitendra
-Down to Earth Revival will lead to an increase in the net irrigation potential Noting that poor irrigation capacity is impacting agriculture during two consecutive drought years, Economic Survey 2015-16 has suggested utilising the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) for efficient revival and maintenance of community assets such as tanks and other water bodies. The work will include desilting and repair of water bodies used for irrigation. According to...
More »Budget 2016: Govt raises agriculture spending to Rs.36,000 crore -Sayantan Bera
-Livemint.com Increased funding to go into irrigation schemes, crop insurance, national e-market for farm produce, pulse production and interest subsidy New Delhi: In a major push for agriculture in the Union budget, funding for the recently launched crop insurance scheme Pradhan Mantri Fasal Bima Yojana (PMFBY) has been more than doubled from Rs.2,589 crore in 2015-16 (budget estimate) to Rs.5,500 crore for 2016-17. The budget announced on Monday placed a renewed focus...
More »Budget 2016: Govt to spend Rs 5,500 cr on crop insurance scheme
-Business Standard An uniform premium of 2% needs to be paid by farmers for all Kharif crops and 1.5% for all Rabi crops The government is planning to spend Rs 5,500 crore for the crop insurance scheme that was announced earlier, the Pradhan Mantri Fasal Bima Yojana. In his Budget speech, Finance Minister Arun Jaitley said that the farmers will have to pay a nominal premium for the coverage. There will be an...
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