Media Monitor
Agriculture Industry
Govt hikes Minimum Support Price of Kharif crops for 2019-20 seasonedit
In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices, MSP for all Kharif crops for 2019-20 Season.
Wage growth: Even agriculture trumps the unorganised sectoredit
The current discourse on economy from demand side largely revolves around the analysis of gross domestic product (GDP) and its components, namely consumption, government expenditure and investment. Similarly, from supply side, it revolves around gross value added (GVA) and its components, namely agriculture, industry and services. However, much less attention has been paid to the analysis of national income as it accrues and gets distributed across labour and capital. An analysis of national income on these lines can provide an insight into the evolving wage and wealth income, and its concomitant impact on income inequality. An IMF working paper shows that the share of labour in the national income in advanced economies is trending down since 1975. ...
Why govt spending on rural sector will boost the economyedit
With the National Democratic Alliance government promising about ₹90,000 crore toward an income support scheme for small farmers and another ₹25 trillion to increase farm productivity, besides spending on programmes such asrural jobs, the question is how will the government fund all these big-ticket programmes.
Centre increases MSP of paddy, Kharif cropsedit
For the Kharif crops, the MSP of paddy (common) has been increased from Rs 1,750 in 2018-19 to Rs 1,815 per quintal in the current fiscal, paddy (Grade A) form Rs 1,770 to Rs 1,835.
How Union budget can aim to double farm income by 2022edit
In one of its first decisions after taking office on 30 May, the National Democratic Alliance (NDA) government extended its income support scheme for all farmers, regardless of the size of their landholding. Fulfilling this election promise will cost an estimated ₹90,000 crore every year.
Cabinet okays ‘bumper’ hike in MSP for all kharif cropsedit
In a major boost to farmers’ income, the Cabinet Committee on Economic Affairs (CCEA), which is headed by Prime Minister Narendra Modi, has on Wednesday approved an increase in minimum support prices (MSPs) for all Kharif crops for 2019-20 season, a move that will lead to increased investment
Five ways to help smallholder farmers with their Kharif Harvestedit
Smallholder farmers are struggling across India because the combination of prices below breakeven, limited financial fallback and negligible bargaining power have forced them to sell under duress.
‘Multinational companies aim to control world through seeds’edit
In a written reply, Union Minister of Agriculture and Farmers Welfare Narendra Singh Tomar told Lok Sabha that Bt. (Bacillus thuringiensis) cotton is the only GM crop approved in 2002 by the Genetic Engineering Appraisal Committee of Ministry of Environment, Forest and Climate Change for commercial cultivation in the Country and, therefore, cultivation of other unapproved GM crops are banned in India.
Cabinet approves MoU b/w India-Maldives in Health sectoredit
The Union Cabinet on Wednesday gave ex-post-facto approval to the Memorandum of Understanding (MoU) between India and Maldives on cooperation in the field of Health signed on June 8, 2019.
Common Agricultural markets for farmersedit
In the era of globalisation and trade, the issues of farmers and agriculture have assumed the centre stage of global economy. There is no denying the fact that negotiations in the multi-lateral forum, World Trade Organisation (WTO) have been stalled primarily due to agriculture. The developed countries continue subsidising their farmers and agriculture, directly or indirectly, in a big way to the disadvantage of the farmers in the Third World. While the developing countries are asking for a level playing field and disciplining the subsidies, the rich countries are not yielding to give up their illegitimate sway over the global economy. They have become more protectionist in trade instead liberalising global trade in an effective manner.
Budget
GJ-BUDGETedit
The Gujarat government Tuesday proposed to hike stamp duty on registration of marriage among others and increase electricity tariff for industrial captive consumption in the 2019-2020 budget besides making substantial allocations for key sectors, including agriculture. The proposed hike in stamp duty on various instruments and also power tariff will generate an additional revenue of Rs 287 crore for the government.
Budget allocation for micro-irrigation, Krishi Sinchayee Yojana needs to go up, says former agriculture secretary Siraj Hussainedit
“Even in the previous term, the Modi government did a good job by bringing all these irrigation schemes together under the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY). But for some reason, the Centre could not persuade the states to quicken the implementation of these schemes. Even in the case of micro-irrigation, the required thrust was not there. So, I think the allocation for micro-irrigation will increase and the government will incentivise the expansion in area under micro-irrigation. Also I think the allocation under PMKSY will also increase,” Hussain told CNBC-TV18.