Believe it or not, the total revenue foregone in 2017-18 on account of special tax rates, exemptions, deductions, rebates, deferrals and credits -- broadly termed as 'tax expenditures' (an indirect subsidy) – that was given to corporate taxpayers has been more than 50 percent of the expenditure incurred by the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) altogether in that year. In other...
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Budget 2018: Eyes on Arun Jaitley's announcements for rural sector -Sanjeeb Mukherjee
-Business Standard The Budget allocation for Ministry of Agriculture and Allied Activities has grown by 114% since 2010-11 As Finance Minister Arun Jaitley gets down to deliver his fifth annual Budget for the 2018-19 financial year, all eyes will be on his announcements for the rural sector which is going through a downturn in the last few years. Two consecutive droughts along with a sharp fall in incomes have turned agriculture unprofitable...
More »A wilful negligence -Colin Gonsalves
-The Indian Express Governments have not acted on recommendations of committees on farmer welfare How many more farmers must die before the prime minister condescends to take notice? How many rats must the protesting Tamil Nadu farmers at Jantar Mantar eat before the government acts? How many more fake farm loan waiver schemes will be announced before the cabinet realises that farmers cannot be fooled anymore? Despite 300,000 farmers taking their lives...
More »New farm policy to double marginal farmers' income and curb migration -Deep Joshi
-Hindustan Times The Uttarakhand government has finalised a policy to double income of small and marginal farmers in the next five years by encouraging them to adopt the best farm practices, with the overall plan of keeping a check on forced migration from hills Dehradun: The Uttarakhand government has finalised a policy to double income of small and marginal farmers in the next five years by encouraging them to adopt the best farm practices,...
More »Make own strategy to double farmers' income: Centre to states
-PTI Union Agriculture Minister Radha Mohan Singh today urged states to chalk out their own strategy to achieve the target of doubling farmers' income by 2022. The centre has already come out with a four-volume report suggesting ways to boost farmers' income, which states will have to study and see how best it can be implemented in each state, he said. Not only productivity of various crops needs to be raised, but also...
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