Media Monitor
Agriculture Industry
Agriculture can be a productive occupation, says Lyngdohedit
Delivering his key note address as Chief Guest, the Minister said, “Some people take up agriculture as they do not have option. Farmers in the North East are the most marginalized section of society as they can barely make ends meet,” he said. “Since 70 per cent of the people depend on agriculture for livelihood, we need to make this occupation lucrative,” he added.
Contract farming law may cover all agriculture commoditiesedit
The proposed model law on contract farming, which Finance Minister Arun Jaitley announced in his Budget speech on Wednesday, could encompass all the agricultural commodities and not restrict itself to only one or two commodities.
Budget
Agriculture is the most significant beneficiary of budget: Ankur Aggarwaledit
The rise in total allocation for rural, agriculture and allied sectors for 2017-18 by 24 percent is very encouraging and would provide a much-needed boost to the rural economy. Apart from lowering interest rates on loan for farmers, Finance Minister Arun Jaitley has also announced a slew of measures aimed at incentivising farming.
Activist says budget is not good for farmersedit
Jaitley has given an additional Rs 10,000 crore r the MNREGA scheme to improve liquidity in the rural economy. But Mallesh and state agriculture minister Krishna Byre Gowda point out that payments have been delayed leading to a lack of trust in the scheme. Social scientist Narendar Pani said: “Because demonetisation has failed, they have had to take up MNREGA as a quick fix bandaid.”
Budget is progressive, pragmatic and people-oriented: Finance Secretary, Ashok Lavasaedit
This is seen by avoidance of retrospectivity in taxation, targeting of government support through Aadhar, reforms in agriculture, especially the model law on contract framing, UGC reforms, proposed amendments to the Airports Authority Act, metro development to harness private investment and skills and integration of spot and derivative markets to provide remunerative prices to farmers,” said Das.
Agriculture sector banks on Budget boostedit
The agriculture credit target of Rs 10 lakh crore in the Union budget for the financial year 2017-18 will provide boost to the agricultural sector in Nashik, feel experts. The government is committed to double farmers’ income in 5 years by 2022 and for this, it has increased agricultural credit target by 11 per cent. Moreover, the government has also announced two dedicated funds for dairy development and micro irrigation with total provisions amounting to Rs 13,000 crore.