-The Indian Express NEW DELHI: The government’s ambitious minimum support price (MSP) scheme to improve farmers’ income has hit a roadblock as Niti Aayog missed the deadline to suggest a viable procurement model. Finance minister Arun Jaitley had announced in his Budget speech the government would ensure agriculture produce is procured at the revised MSP, which will be 1.5 times the production cost. The Centre had entrusted the think tank with...
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Farm distress is now haunting us: NITI Aayog's Rajiv Kumar -Sayantan Bera
-Livemint.com The NITI Aayog and the government have decided to focus only and only on farmers and the agriculture sector, says NITI Aayog VC Rajiv Kumar New Delhi: The spectre of farm distress has finally begun to haunt policymakers and the government is doing everything it can to address the situation, Rajiv Kumar, vice-chairman of central government think tank NITI Aayog, said on Friday. “We in the NITI Aayog and the government have...
More »Monsoon forecast lifts up mood: As agri shines, will it rain returns for these stocks?
-The Financial Express After private weather forecaster Skymet on Wednesday predicted normal monsoons In India, research firm HSBC says that it will provide a boost to the agricultural sector. Interestingly, Skymet has forecast a a 20% chance of above normal monsoon, and a 5% probability of excess rain in 2018-19. HSBC notes that the agriculture sector is slated to benefit from it, as 70% of the total rainfall is attributable to...
More »Forget more jobs, employment fell in first 2 years of Modi government -Pragya Srivastava
-The Financial Express An RBI-backed research by KLEMS India shows that the employment in 27 sectors fell by 0.2% and 0.1%, respectively in the years 2014 and 2015. For a long time, there is a contention that India’s impressive growth story has been devoid of a similar expansion in jobs, with the proponents, on the other hand, calling the theory a hoax. In absence of comprehensive jobs data, India’s actual employment story...
More »States allowed to set up crop insurance firms to execute PMFBY
-PTI The Centre has allowed states to set up their own insurance companies for implementing Pradhan Mantri Fasal Bima Yojana (PMFBY), a senior Agriculture Ministry official said today. The move comes after several requests from states as well as observations made by Comptroller and Auditor General (CAG) in its 2017 report that old crop insurances schemes which have now been merged with PMFBY, were poorly implemented during 2011-2016. "We have allowed the states...
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