-Newsclick.in The Interim Budget granted a paltry Rs 500 per month to farmers as relief, fund cuts for dalits, adivasis and minorities, and was silent on agricultural and industrial workers. It was the theatre of absurd in the Lok Sabha on Friday as replacement Finance Minister Piyush Goyal presented the Interim Budget through an election speech, tom-tomming the so-called achievements of the Narendra Modi government over the past five years, offering an...
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The Pradhan Mantri Fasal Bima Yojana (PMFBY) -- Lesser than a Solution -Santosh Verma
-Vikalp.ind.in During the past three and half decades, various governments at the centre introduced several crop insurance schemes for the farmers to lessen the risks (partial or full) involved due to natural calamities and crop diseases. In 1985, in its very first attempt, the Government of India (GoI) launched Comprehensive Crop Insurance Scheme (CCIS) with a mandate to a national coverage. In 1999, CCIS was replaced with a new scheme called...
More »Prof. Abhijit Sen, a former member of the erstwhile Planning Commission, interviewed by Asit Ranjan Mishra (Livemint.com)
-Livemint.com If you want to give a cash benefit, do it without distinguishing between farmers and non-farmers A toothless NITI Aayog is trying to flex its muscles on India’s statistical system. And in doing so, it is destroying its credibility NEW DELHI: The income support scheme announced in the interim budget for small and marginal farmers is both regressive and inefficient, because it neither includes the poorest landless farmers, nor does it...
More »Modi Launches a Startling Pre-Election Budget, Massaged by Creative Accounting -Jayati Ghosh
-TheWire.in The aggregate macroeconomic impact of this Budget cannot really be assessed, since the actual fiscal stance is now so opaque. Let’s get one thing clear. This is not an interim Budget, whatever the government finally agreed to call it. The sweeping promises made on both expenditure and taxation fronts are well beyond the limited minor changes that are supposed to be allowed in a vote-on-account or interim Budget. For a government that...
More »PM Kisan Samman Nidhi: Small farmers to get Rs 6000 direct cash transfer, first installment before polls
-The Indian Express Called Pradhan Mantri Kisan Samman Nidhi, the scheme will benefit about 12 crore small and marginal farmers and will come into effect retrospectively from December 1, 2018, and the first instalment will be disbursed before the elections. New Delhi: In a bid to woo the farming community ahead of the Lok Sabha elections, interim Finance Minister Piyush Goyal in his Budget speech on Friday announced a Rs 6,000...
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