Farm Budget 2023

Union Budget 2023-24: Why agricultural land tax needs some attention from government

The exemption provided in Section 54B should be made consistent with provisions of Section 54 and 54F

Budget 2023-24 Expectation: Government should restrict import of agrochemical formulations

This will benefit India by reducing its foreign exchange usage. It will also boost the Government’s ‘Make in India’ efforts. The Indian agrochemical industry is poised to make domestic products that can be exported to contribute to the country’s export economy

Budget 2023-24 Expectation: Government must focus on organic, bio-farming as key goals to be accomplished next decade

India’s land has a golden opportunity to become organic because it has the most suitable temperature range for biological growth and activity, maximizing the yield potential in organic farming. With this, we can also save 30-40 percent of water

Union Budget 2023-24: Budget should provide effective fund deployment for growth of aquaculture

Robust infra facilities is needed to ensure waste reduction percentage of fish is reduced

Budget 2023-24 Expectation: Agrochemical industry seeks PLI scheme, GST cut in pesticides

Global percentage of hungry population has been increasing after declining for a decade. We must take the responsibility of being the ambassador of goodwill beyond our domestic duties. It is important to increase the quantity and quality of our produce for which agrochemicals are a necessity