Budget 2018: Agriculture sector to get top priority, to ensure gains reach farmers, says Arun Jaitley
The government’s priority in the budget is to ensure the gains reach the farmers and the growth is visible even in the farm sector
The farmers’ unrest and overall agriculture-related stress has a lot to do with the fact that the markets are not adequately involved.
Funds under budget will be used on priority areas with an aim to address country's key farm sector problem and make rapid strides in direction of doubling farmers' income
Under the upgraded crop insurance scheme, Pradhan Mantri Fasal Bima Yojana, launched early 2016, farmers pay very nominal premium and get full claim for the crop damage.
The goods and services tax (GST), rolled out on 1 July, 2017, cut marginal tax rates.
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Agriculture needs reforms in marketing, land titling and contract law reforms, to name a few
When both endogenous and exogenous factors conspire to prevent industrial and employment revival, the only course left for the Modi government to announce a big bang reform that can take off without much resistance if the BJP ruled states show the way
The agriculture sector is expected to grow higher than projected 2.1 percent growth by the Central Statistics Office for the current fiscal, following better Rabi crop prospects
Fresh investments are the key to employment growth and that has to be the Modi government’s top priority now.
"The growth in GDP during 2017-18 is estimated at 6.5 percent as compared to the growth rate of 7.1 percent in 2016-17," said the Central Statistics Office (CSO) while announcing the first advance estimates of National Income 2017-18.
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Many of the things that this government has done will begin to show results with a slight time lag, be it improvements in the transportation sector, connectivity in the power sector, financial inclusion, Rera or GST (goods and services tax).
The widening farm distress is evident not just from what farmers’ representatives said, but also from increasing riots due to agrarian crisis
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Prime Minister Narendra Modi’s government won an election in his home state of Gujarat this week, but only just as it faced discontent fuelled by falling farm incomes and a lack of jobs.
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India is trying to double farmers' income by 2022 to make agriculture sustainable, says Arun Jaitley
Finance Minister Arun Jaitley Saturday said the government has undertaken the ambitious task of doubling farmers' income by 2022 so that farming becomes sustainable
Budget 2018: As agri incomes fall and organised sector wages rise, govt can't wish away farmers' demands
Farmers now also want an agricultural debt relief package, made of matching contributions from the state governments.
'Centre aims to double farmers' income by 2022,' Finance Minister Arun Jaitley at pre-budget consultations
Jaitley's remarks came at his first pre-Budget consultative meeting with the representatives of different agriculture groups here.
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Presently the government is the only source of investment and in case there is any cut invoked, can affect the future GDP growth scenario