-The Telegraph The Left in Bengal had often criticised him whenever he red-flagged excessive local tyranny, and spoke about the industrial decline in Bengal. The incumbent ruling party may make tall claims about changes in Bengal since the Trinamul government came to power but he has been candid enough to suggest that he hasn't seen much change either in industrial expansion or in investment in infrastructure. Former Prime Minister Manmohan Singh has...
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To reduce rural distress, Narendra Modi government to raise agri credit target by 20 pct
-The Financial Express Finance minister Arun Jaitley may announce agricultural credit target of Rs 12 lakh crore for 2018-19, up 20% from the level for the current year, as he lends focus to addressing rural distress in the coming Budget. While the farm credit targets have been overachieved in recent years, the disbursal by October end this fiscal was 67% of the annual plan. The government is confident of exceeding the...
More »Budget 2018: Can Centre allay farmers' concerns over price crash, low market density? -Jitendra
-Down to Earth The average agricultural growth has reached its lowest in the last four years to 1.9 per cent While presenting Union Budget 2017-18, Finance Minister Arun Jaitley gave much emphasis on farmers. He even announced an increased budget outlay for agriculture, which made media houses declare it as a budget for rural India. Soon, the dust settled down and reality came to the surface. The budget was increased by...
More »Was BJP's 2014 manifesto a jumla for farmers and agriculture sector? -Sanjeev Singh
-The Times of India blog With little over than a year left for the 2019 general elections, the Narendra Modi led NDA government has finally remembered the farmers of the country. Last week, finance minister Arun Jaitley said agriculture sector is the government’s top priority in this year’s budget. This has left many surprised considering BJP had promised to ensure a minimum of 50% profit over cost of production in their...
More »Only 15% landholders earn 91% of total national income -Richard Mahapatra
-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy Economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...
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