-The Economic Times NEW DELHI: NITI Aayog, the government's premier think-tank, is set to introduce a model law on land lease that will not only improve agricultural efficiency but also quicken the pace of industrialisation. The model law will offer flexibility to land owners and tenants to decide on the term of lease and rent, thus making it simpler for the government to lease land for public-private partnership projects in sectors other...
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Why It Is Hard To Double Farmers’ Income By 2022 -Abhishek Waghmare
-The News Minute/ IndiaSpend Efficient agricultural markets can also be a potent tool for poverty reduction “We are grateful to our farmers for being the backbone of the country’s food security. We need to think beyond food security and give back to our farmers a sense of income security. Government will, therefore, reorient its interventions in the farm and non-farm sectors to double the income of the farmers by 2022.” —Finance...
More »Counterproductive Farm Policies -PSM Rao
-Outlook In the last two decades, more than 300,000 farmers have ended their lives. What can be done? Indian agriculture is important as it feeds an estimated 1.3 billion population of the country and is also burdened with the responsibility of providing livelihoods to 60 per cent of the people — 780 million people. No foreign country can produce this mammoth quantity of food and supply to India nor any sector...
More »Government increases wages for NREGS by about 6%, no revision in pay calculation formula -Ruchika Chitravanshi
-The Economic Times NEW DELHI: The government has dropped the idea of changing the wage calculation formula for its flagship rural jobs programme but has increased the wages about 6% for 2016-17. It has increased allocation to the Mahatma Gandhi National Rural Employment Guarantee Scheme 4% to Rs 38,500 crore for 2016-17 compared to that in the current fiscal. The scheme would have required an additional Rs 2,000 crore had the...
More »Farms grow massive incomes for select few -Devesh K. Pandey & TCA Sharad Raghavan
-The Hindu In response to a RTI application, Income Tax Department reveals that 6.57 lakh individuals earned 20 times the GDP in 2011. Believe it or not, income figures shared by the Income-Tax Department in response to an RTI application by a retired Indian Revenue Service official has revealed that agricultural income recorded an exponential increase from 2004 to 2013, touching a total of almost Rs.2,000 lakh crore for individual assessees in...
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