-NDTV Finance Minister Arun Jaitley had announced a 1.5-time hike in MSP or minimum support price for certain crops in his budget. But how that would pan out had farmers' groups worried. One of the biggest announcements in this year's budget was the promise to fix minimum support prices, the price at which the government buys crops from farmers, at 50 per cent over their cost of production. But the decision has...
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Will FM Arun Jaitley give a rural touch to Budget 2018 or will he hold on to fiscal prudence? -Shantanu Nandan Sharma
-The Economic Times After Gujarat returned the ruling BJP with a slim margin, the chorus of the establishment was "jo jeeta wohi sikandar" (He who wins is the king). It seemed apt, considering that the party retained Prime Minister Narendra Modi's home state, bunking anti-incumbency of 22 years. But opposition wags responded with "jo sikha wohi sikandar", he who learns will be king, in 2019, in the next general elections. Rural Gujarat,...
More »Union Budget to tackle rural distress, job creation, investments -Gireesh Chandra Prasad
-Livemint.com Immediate challenges to economy top talks between Prime Minister Narendra Modi, senior ministers and economists, sector experts from across India New Delhi: The government on Wednesday signalled that the Union budget for 2018-19 would include solutions for vexed problems such as rural distress, weak employment and revival of private investments. These immediate challenges to the economy topped the extensive discussion that Prime Minister Narendra Modi and senior cabinet colleagues had on Wednesday...
More »No charges on debit card transactions up to Rs 2,000 from now
-PTI Giving further impetus to digital payments, the government will reimburse charges for transaction up to Rs2,000 on debit cards and BHIM New Delhi: Customers will not have to pay any transaction charges for payments through debit card, BHIM app and other payment made for up to Rs2,000 from Monday onwards. Last month, union cabinet approved a proposal that government will bear the merchant discount rate (MDR) charges on transactions up to Rs2,000...
More »Gujarat scare may sow seeds of farm-focused policy in Budget -Deepshikha Sikarwar & Himangshu Watts
-The Economic Times NEW DELHI: The BJP's victory in the Gujarat elections, hard-fought as it was, points clearly to the possible direction of the Budget that finance minister Arun Jaitley will present in February. Given its setbacks in non-urban areas, the big focus of the ruling party will be on agriculture and the rural economy, apart from a likely boost in minimum support prices (MSP). FM Arun Jaitley told ET the results...
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