-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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Punjab industry gives thumbs down to Arun Jaitley's Union Budget -Mohammad Ghazali
-Hindustan Times The industry termed it a populist budget to reap electoral gains. Ludhiana: The industry in Ludhiana found nothing to cheer about in the Union Budget presented by finance minister Arun Jaitley on Thursday. Industrialists and traders from across the city, often called the Manchester of India, were expecting tax relief and sops for micro, small and medium enterprises. President of the Federation of Industrial and Commercial Organization Gurmeet Singh Kulhar said...
More »Will linking MSP with cost really have any benefits? No, say farmers & experts -Chitleen K Sethi
-ThePrint.in Farmers’ bodies and experts say the key to any benefit to farmers lies in how the production cost or the cost of cultivation is calculated. Chandigarh: One of the most significant takeaways from the Union Budget presented by finance minister Arun Jaitley Thursday was the proposed increase the Minimum Support Price (MSP) for all unannounced kharif crops to at least one-and-a-half times the production cost. The announcement is expected to directly impact...
More »Why Budget 2018 is too late, too little for the rural economy -Himanshu
-Livemint.com While Budget 2018’s agriculture focus may not revive the rural economy, whether it fetches any votes for the Narendra Modi govt will only be known next year Since this was the last full budget of the Narendra Modi-led government before the general elections next year, its contours were more or less known to everybody. The budget in that sense did not surprise. Given the tight fiscal situation, it was expected that...
More »Agriculture: Budget promises MSP 50% above cost, doesn't define which cost -Harish Damodaran
-The Indian Express Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub. The Union Budget for 2018-19 has promised to fix Minimum Support Prices (MSP) for crops to guarantee farmers at least 50 per cent returns on production costs. This is quite similar to the original recommendation of the M S Swaminathan-headed...
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