-Livemint.com The agriculture sector saw a 94% increase in allocation, but an analysis of the numbers suggest that the real hike is a modest 27% New Delhi: In a bid to revive growth in agriculture and improve farm incomes, at a time when rural India is weathering a protracted period of distress, the Union Budget presented on Monday placed a renewed focus on the farm sector by increasing funds for crop insurance...
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Just another trivial Budget -Ashok V Desai
-The Hindu The Finance Minister’s prescriptions are a classic case of being unable to see the wood for the trees, be it on the tax proposals, the rural outreach or the bank bailout. It was a marathon achievement: 12,187 words in 111 minutes. True, there were no interruptions; the Finance Minister virtually sent the House to sleep. I have listened to many Budget speeches; and I cannot say that Dr. Manmohan Singh...
More »The Union Budget’s political message -Smita Gupta
-The Hindu The Union Budget 2016-17 is also the BJP’s way of trying to woo what was always a Congress constituency – rural India. Finance Minister Arun Jaitley’s third budget has a clear political message: aimed at creating a “feel good” sense among farmers and the rural poor with an eye to the slew of state elections due soon, it is an attempt to change the perception that this is a pro-rich...
More »Government tries to harvest success with farmer-friendly Budget -Richard Mahapatra
-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:...
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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