Rural is on top of India’s agenda. Farmers are vigorously demanding strong government support to battle severe economic hardship at a time when politicians across parties are wooing them for votes.
Low prices of grains and vegetables, rising input costs, poor irrigation, along with drought and floods, have impoverished many farmers, although some have gained from improved yields and higher official procurement price.
To begin with, there has to be social and political cohesion permitting institutions to function and people to interact in a predictable, secure environment. This rules out violent identity politics, lynch mobs with political backing as well as political patronage of values and conduct that vitiate the spirit of liberty and democracy upheld by the Constitution.
The government is considering raising the minimum selling price of sugar, television news channel ET Now reported on Friday.
Prime Minister Narendra Modi's office was directly examining the proposal, ET Now said quoting sources.
The move is likely to help farmers, who are struggling to export their surplus due to fall in global prices and a strengthening rupee.
In a bid to provide relief to small taxpayers, especially micro, small and medium enterprises (MSMEs), the Goods and Services Tax (GST) Council Thursday decided to double the exemption threshold to Rs 40 lakh and hike the limit for composition scheme to Rs 1.5 crore from Rs 1 crore with effect from April 1. The threshold will be Rs 20 lakh for “some hilly/northeastern states”.
If there’s one area in agriculture where the Narendra Modi government has probably broken fresh ground, it is in the procurement of pulses and oilseeds.
During the 2016-17 and 2017-18 agricultural years (July-June), the Central agencies — National Agricultural Cooperative Marketing Federation of India (Nafed), Small Farmers’ Agribusiness Consortium (SFAC) and Food Corporation of India (FCI) — together procured 18.78 lakh tonnes (lt) and 44.96 lt of pulses, plus 2.16 lt and 19.99 lt of oilseeds, respectively. a
New Delhi, January 7: India's Gross Domestic Product (GDP) is expected to grow at 7.2 per cent in 2019, claimed the official estimates released by the Central Statistics Office (CSO). The surge, from 6.7 per cent per cent in the last fiscal, will be primarily driven due to a resurgence in agriculture and manufacturing sectors. Although the growth estimate is higher as compared to 2017-18, it is marginally lower than a recent RBI prediction of 7.4 per cent.
Despite substantial increase in agriculture production and productivity levels over the years, farmers’ indebtedness has not changed significantly. According to the National Bank for Agriculture and Rural Development (Nabard) All India Rural Financial Inclusion Survey (Nafis) 2016-17, 52.5% of agricultural households were indebted.
PUNE: India’s sugar production till December 31, 2018 is up by 6.7% year-over-year (YOY), said industry body Indian Sugar Mills Association (ISMA).
The Centre on Friday told the Supreme Court that they were facing difficulties in the operation to rescue 15 miners trapped in an illegal coal mine in Meghalaya since December 13 as there was no blueprint of the 355-feet well.
The government told the apex court that the illegal mine was located near a river and seepage of water was hindering the rescue operation.
Centre will likely announce direct benefit transfer (DBT) worth Rs 4,000 per acre per season plus interest-free crop loan up to Rs 1 lakh per farmer in an instant two-fold relief to the farmers, sources in the know told BusinessToday.In. The initiatives will cost the Centre Rs 2 lakh crore towards DBT and another Rs 28,000-30,000 crore towards interest subvention, adding up to nearly Rs 2.3 lakh crore on an annual basis. At least the Rs 70,000 fertiliser subsidy scheme will be subsumed into the scheme to make it possible.