-The Hindu The top-down, rushed approach of the government in reaching out to farmers is likely to end in failure This year’s Interim Budget is being regarded as a big spread for farmers. The government announced its decision to transfer Rs.6,000 every year directly to 12 crore farmers holding cultivable land up to 2 hectares through the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. While this is a progressive step, is it...
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144% More Funds For Agriculture, But Not Enough To Quell Farm Unrest - Nilachala Acharya
-IndiaSpend/ CBGA Agriculture has got an unprecedented 144% rise in allocation in the Interim Budget announced by the Bharatiya Janata Party (BJP) government--from Rs 57,600 crore in the 2018-19 budget estimates to Rs 1,40,764 crore in the Interim Budget. This took the share of the agriculture ministry in the total union budget to 5.2%, a benchmark succeeding governments will be compelled to match for political reasons. For context, the share has been...
More »Who will pay for sops? -Arun Kumar
-The Indian Express Government’s claim that structural changes to the economy are paying off, and that is being used to give back to the people, is problematic. The Interim Union Budget 2019 is no less than a full budget with changes in taxation and announcement of lucrative schemes for various sections of the population. The recent losses in three major assembly elections rang alarm bells for the ruling dispensation. With the...
More »There's a hole in the data -Kiran Bhatty & Dipa Sinha
-The Indian Express The state has failed to create capacities for a timely, reliable, decentralised data regime. The credibility of India’s data systems is under serious threat with the recent controversy over the employment data of the National Sample Survey. While the Census of India and the National Sample Survey Organisation (NSSO) have a good reputation, when it comes to data related to the social sector — health, education, nutrition —...
More »RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh
-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the Interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...
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