Agriculture sector Budget 2021
Agriculture is a state subject. The Union Budget allocation under the Ministry is largely focused on subsidies and transfers to states for centrally sponsored schemes. India's agriculture budget doubled over five years to Rs 57,600 crore in 2018-19 under the National Democratic Alliance (NDA) government, three times that of the last United Progressive Alliance (UPA) government budget in 2013-14, with the highest increase of 79 percent over the previous year coming in 2016-17. As a proportion of the total budget, however, the NDA's allocations for agriculture were largely static, at an average of 2 percent over the past four years, rising from an average of 1.3 percent during the second term of the UPA, according to an IndiaSpend analysis of budgetary data. In 2018-19, it rose 2.3 percent over the previous year. Agriculture is the primary source of livelihood for about 58 per cent of India's population.
Showing of 0 - 10 from 16 results
Agriculture Sector 2021 - Total results - 16
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Feb 02, 2021
Union Budget 2021: Business-as-usual for agriculture when a change in orientation was much-needed
The finance minister was at pains to emphasise that the Narendra Modi government had doubled the spending on wheat procurement and nearly tripled that on rice procurement since it assumed office in 2014 -
Feb 01, 2021
Farmers say Union Budget 'doesn't matter', only concerned with repeal of agri laws
BKU leader Rakesh Tikait said that the farmers had demanded an increase in the price of crops, but the Centre increased agriculture credit instead -
Feb 01, 2021
New agri cess to be carved out of Centre's money, won't burden consumers: Nirmala Sitharaman to Network18
The Union finance minister said that to compensate for the additional cess, the government has reduced the excise duty component, resulting in no additional cost for the public -
Feb 01, 2021
Surprising that farmers doubt Modi govt's intent, Sitharaman tells News18, says MSP has been rising since 2013-14
In an exclusive interview with Network18 group editor Rahul Joshi, Sitharaman reiterated what the government has been saying for long — that it wants farmers to come to the table and air their concerns -
Feb 01, 2021
This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
The best part of Union Budget 2021, however, is that Nirmala Sitharaman resisted the temptation to slap more cess, surcharges on the taxpaying citizens and refrained from imposing a ‘wealth tax’ to raise revenue. -
Feb 01, 2021
Union Budget 2021: Nirmala Sitharaman aims to raise resources without raising taxes; a bold step
From a consumer and healthcare perspective, Union Budget 2021 has a lot of positives. On the healthcare side, COVID-19 pandemic had brought to light India's underspend in healthcare. Budget 2021 has done well by allocating over Rs 2 trillion holistically towards the health sector, a handsome increase of 137 percent. -
Feb 01, 2021
Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI
Finance Minister Nirmala Sitharaman on Monday delivered her third Budget speech in the Parliament. Here's the full text of her speech in Lok Sabha -
Jan 31, 2021
Union Budget 2021: Farm innovation fund needed to support agri-tech solutions, startups, boost innovation
The available statistics amplify the potential of India’s agriculture sector to aid fiscal growth -
Jan 28, 2021
Union Budget 2021: Govt should focus on R and D in agriculture, raise outlay, help farmers to diversify crops
The Centre’s outlay for agricultural research and education last year was a little over $1 billion or Rs 8,000 cr compared to the $2.8 billion R and D investment of Bayer Crop Science. -
Jan 27, 2021
Union Budget 2021: Favour extension of pandemic support measures, thrust on infra investment, says IMF
IMF’s chief economist Gita Gopinath said more public infrastructure spending is needed and that the Government of India has expressed its intention to do so
