-NITI Aayog Working Paper, ISBN: 978-81-953811-7-3 Abstract - The importance of agriculture in an economy usually declines as it climbs the development ladder. Raising agriculture productivity has been known to be an important precursor. Labour productivity in agriculture can either be increased by higher land productivity or higher land availability per farmer and mechanisation. In India, however, the dramatic increase in land productivity through industrial farming has caused severe environmental damage and...
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Why India is unlikely to double farmers' income by the end of this fiscal -Sanjeeb Mukherjee
-Business Standard The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal Earlier this month, the Central government said in a reply in Parliament that it has taken several measures to double farmers’ income by 2022 and that the progress made so far indicates that it is ‘on the right track’. However, a closer...
More »Lack Of Updated MSME Data Hampering Timely Funds Disbursal -Animesh Singh
-NDTV.com One of the biggest roadblocks in providing adequate and timely funds to MSMEs is the non-availability of reliable and consolidated data about them Though government runs a host of schemes to support micro small and medium enterprises (MSMEs), which have faced the maximum brunt of the Coronavirus-induced lockdown in 2020, providing them timely and adequate funds becomes a roadblock, a fact which has been acknowledged even by the Finance Ministry. Funds are...
More »Do MGNREGA wages need an upward revision? -Parvathi Benu
-The Hindu Business Line This year, the average wage was hiked by a mere 20 paise to Rs.209.05; workers across States say wages are insufficient to meet their needs The annual increase in the average MGNREGA wages has been quite uneven. While the wages increased between 8 to 10 per cent in FY13, FY14 and FY21, the increase was a mere 1.6 per cent in FY20. Annual increases in individual states have been...
More »Burden of farm expense has increasingly passed from Centre to states -Abhinav Surya
-TheFederal.com Of the total public expenditure in agriculture, the Centre’s share fell from 50% to 37% between FY11 and FY20, while the states’ increased from 50% to 63% Fiscal federalism and Centre-state financial relations have always been a hotly discussed topic, with sharper debates arising in recent times. The total burden of public expenditure on the Central exchequer as a share of gross domestic project (GDP) has declined over the past decade,...
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