Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. The prime minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
India's policy for agriculture trade must move commodity-by-commodity to gain maximum benefits as US President Donald Trump's 26 per cent tariff on exports from the country take effect, said agriculture economist Ashok Gulati in a recent policy paper.
After climbing to the highest level in more than five years to 4.7 million tonnes in FY24, India might import fewer quantities of pulses this financial year at 4-4.5 mt on the back of good monsoon and higher domestic production, Bimal Kothari, chairman of India Pulses and Grains Association (IPGA), said in New Delhi on Friday. Kothari was addressing reporters on the sidelines of a seminar on pulses titled "Bharat Dalhan-2024".
Tomato prices have been on the boil for more than a month. Data from major cities show that the spike has been between 125 and 150 per cent at the wholesale level. Soaring vegetable prices, including tomatoes, pushed the retail inflation rate to a nine-month high of 5.49 per cent in September, according to government data. Though reports say prices are expected to come down in the next few weeks after supplies improve from Madhya Pradesh and Himachal Pradesh, how long will the respite last is anybody's guess.
Ahead of the upcoming budget, eminent economists during a meeting with Prime Minister Narendra Modi on Thursday urged the government to take steps to accelerate economic growth and improve infrastructure, sources said. The meeting was organised by the NITI Aayog on Thursday to elicit views and suggestions of economists for the first budget of the Modi 3.0 government. "Earlier today, interacted with eminent economists and heard their insightful views on issues pertaining to furthering growth," Modi said in a post on X.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
'Had they agreed to our demands that we raised two years ago, we would have never started our agitation again.'
Apart from Ghanwat, agri-economists Ashok Gulati and Pramod Kumar Joshi are the other members of the panel.
Prime Minister Narendra Modi on Friday said both public and private sectors need to leverage synergies and think out of the box to seize opportunities arising as a result of the emerging global environment. While interacting with noted economists and experts at NITI Aayog ahead of the Union Budget, the prime minister also applauded the success of the India Digital story and the rapid adoption of fintech across the country, an official statement said. During the meeting, economists offered suggestions on ways in which India can sustain its development momentum, it added.
Farmers have been protesting seeking repeal of the three contentious farm laws on the borders of New Delhi for the last five months now. The Supreme Court had, on January 11, stayed the implementation of the three laws till further orders and appointed a four-member panel to resolve the impasse.
Commission for Agriculture Costs and Prices cairman Ashok Gulati tells Business Standard that IMD's prediction should be taken with a pinch of salt, as data shows there is usually a deviation of eight-10 per cent from the standard margin of error in many met predictions.
Trade and commerce issues, bilateral and global, are expected to come up for debate.
The Supreme Court-appointed panel on the new agri laws on Thursday started its consultation process and interacted with 10 farmer organisations from eight states, including Uttar Pradesh.
Ashok Soota has launched a new firm, Happiest Minds, at the age of sixty-nine, proving that there is no such thing as retirement.
Happiest Minds expects revenue to touch $100 mn in 3 years, the fastest in India's tech services sector.
Shetkari Sanghatana president Anil J Ghanwat said the panel's report was in 'favour of farmers' and will decide next week on releasing the report in the public domain.
'The corruption charges in FCI are not the first and won't be the last.'
Khemka who held the charge of principal secretary, social justice and empowerment department, was transferred and posted as principal secretary, sports and youth affairs.
A book revolving around Prime Minister Narendra Modi's work and political and governance model with various chapters written by domain experts, his Cabinet colleagues and leading faces in different walks of life, is set to hit the bookstores next month.
8 out of 10 households are planning to cut their tomato consumption if prices stay in the Rs 75-150 kg range over the next three months.
The remarks of the apex court, which also said there is a 'peculiar lack of comprehension' about constitution of a panel, assumes importance as some of the members of the recently constituted committee to resolve the deadlock between farmers and the centre over the farm laws had earlier reportedly expressed their views on the subject.
The Supreme Court may take into account the matter of recusal of the member from the panel on Monday when it is scheduled to hear the pleas relating to the controversial farm laws and the farmers protests.
'Mann's decision is a welcome move. The other three members of the panel, who have shown pro-new farm laws stance should also follow Mann's suit'
Mann said he would sacrifice any position offered to him so as not to compromise the interests of farmers.
Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.
'Had these three farm laws existed it would have become a huge election issue.'
The government and farmer unions have held 11 rounds of talks so far, the last being on January 22, to break the deadlock and end the farmers' protest. Talks have not resumed following widespread violence during a tractor rally by protesting farmers on January 26.
The government and unions representing farmers, who have been camping at Delhi's border for about three months in protest against the three laws that they see will end state procurement of crops at MSP, have held 11 rounds of talks, the last being on January 22.
The government's ninth round of negotiations with protesting farmer unions will take place as scheduled on Friday and the Centre is hopeful of positive discussions, Agriculture Minister Narendra Singh Tomar said on Thursday.
'Let the high price of onions clear the market, matching supply with demand.' 'Let onion growers keep exporting -- we are the world's largest onion exporter, export 10% of our production,' advises Naushad Forbes.
Officials in the weather department said the monsoon is expected to be below normal because of the El-Nino effect.
A three-judge bench headed by Chief Justice of India Sharad Arvind Bobde will hear the application on January 18 along with pleas raising the issue of farmers protesting at Delhi borders.
The ED said Das stated that his first statement given to the agency on November 3 last year in which he cited Baghel's name was "true and correct".
The Bhartiya Kisan Union Lokshakti said the principle of natural justice is going to be violated as those appointed to the four-member committee 'have already supported these laws'.
Attorney General K K Venugopal, appearing for the Centre, said that 'Khalistanis' have infiltrated the protest and he will file an affidavit along with the necessary inputs of the intelligence bureau (IB).
The farmer leaders said they are not willing to participate in any proceedings before a committee appointed by the Supreme Court, but a formal decision on this will be taken by the Morcha.
'Punjab elections are there and so are UP elections. They must have done some calculations (before announcing the repeal).'
The agriculture minister said the government's constant efforts are aimed at making farmers prosperous by increasing their income.
The new governments will have to spend much more than Rs 220 billion in Rajasthan, more than Rs 160 billion in MP, and nearly Rs 30 billion in Chhattisgarh.
The India Pulses and Grains Association estimates production of kharif pulses at seven mt this year.
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