From NITI Aayog to industry leaders to the Reserve Bank of India, all are apprehensive that any major increase in MSP, following the 2018-19 Budget announcements, would push up prices, if not immediately, in the next six to eight months after the decision is taken.
The sharp drop in prices couldn't have come at a more difficult time, particularly for the two big producing states of Madhya Pradesh and Rajasthan, and also neighbouring Chhattisgarh as the states go to polls in the next few months.
Skymet said the monsoon this year could be 100 per cent of the long period average (LPA) with a model error of plus and minus 5 per cent.
With certain quarters demanding privatisation of public sector banks in the aftermath of the alleged fraud at Punjab National Bank (PNB), Economic Advisory Council to the Prime Minister chairman Bibek Debroy tells Sanjeeb Mukherjee, Ishan Bakshi and Indivjal Dhasmana that reducing government equity even to zero would not mean giving up of government control over these banks.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
The Budget allocation for Ministry of Agriculture and allied activities has grown by 114% since 2010-11
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
Rural budget set to increase; likely to enhance market linkages for agri commodities
Critics said a 10-plus per cent annual increase in incomes is a tall order, given that between 2002-03 and 2012-13, farm incomes grew yearly by 3.6 per cent.
The precautions are being proposed to ensure that other cattle varieties are not exported or transported outside the state as Nagori cattle
A clear message was that the ongoing seven-decade-old model of agriculture, based on extensive reliance on subsidy by the government at every stage, was not going to work, said NITI Aayog vice-chairman Rajiv Kumar.
These three states sought a combined financial assistance of Rs 11,186 crore
80% of the surveyed districts did not show any change in migration
Centre, states to share the amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020
Workers moving out of agriculture to the rural labour force were largely getting absorbed in construction activities
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
Agriculturally important UP, MP, Haryana, Maharashtra, and Punjab received 20-30% shortfall in rain
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
DroughtThe Centre is expected to discuss issues related to drought management and also review the progress of major central schemes like soil health cards, irrigation programmes
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