Speaking at the inauguration and laying of foundation schemes of various schemes, Modi said, Leh and Ladakh will also be benefited by this.
The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent, Sitharaman announced.
Insisting that PM Modi has consistently cared for the farmers, Goyal said the Rs 75,000 earmarked for paying Rs 6,000 per annum to each of 12 crore farmers is not one time but a 'sustainable' provision.
Higher growth in vegetable demand relative to supply in the recent past has led to an upward trend in inflation, with spikes becoming more frequent. A study by rating agency Crisil found that vegetable inflation has been the most volatile in the food category, in fact. Inflation volatility is detrimental for both consumers and farmers and also sidetracks policymakers in the short term, necessitating frequent and repeated price-smoothing measures.
Finance Minister Nirmala Sitharaman will present her sixth straight Budget ahead of the Parliamentary elections, matching the record of former Prime Minister Morarji Desai. Sitharaman in her pre-election Budget, which technically is a vote on account and popularly termed an interim Budget, will seek Parliament's nod for a grant in advance to meet the central government's essential expenditure for the first four months of the new fiscal year that starts in April. A new government elected after the April/May general elections will present the full Budget, likely in July.
They are worried at more than one forecast of a possibly weak monsoon, reports Dilip Kumar Jha.
Priyanka was addressing a rally to canvass for the Congress candidate in the Datia assembly seat of Madhya Pradesh, which will go to polls on November 17.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
'The policy is to consolidate farming into the hands of a few and to take away the food security of the country.' 'Once food is in the hands of 15 chosen corporate houses, you will get food, but at a price that they determine.'
Siddharth Tata's Purple Chilli helps vegetable farmers earn an income 365 days a year.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
The department for promotion of industry and internal trade has rejected Walmart-backed Flipkart's proposal seeking approval for entry to the food retail sector, citing a regulatory issue, an official said on Monday. The government permits 100 per cent foreign direct investment in food retail for food produced and manufactured in India.
A countrywide call for a 'gram bandh' between June 1 and 10 is set to be centred on Mandsaur district of the state.
Unlike the 2012 manifesto, the BJP has chosen not to make any extravagant promises.
'The number of deaths attributable to warming is likely to rise in the future.'
Lauding the farm sector for demonstrating resilience during the pandemic, the Economic Survey on Friday suggested the government to see farm sector as a "modern business enterprise" for which "urgent reforms" are required to enable sustainable and consistent growth. India's agricultural sector has shown its resilience amid the adversities of COVID-19 induced lockdowns, the Survey noted. The agriculture and allied activities were the sole bright spot amid the slide in GDP performance of other sectors, clocking a growth rate of 3.4 per cent at constant prices during 2020-21, it added. According to the Survey, the farm sector has got "renewed thrust" due to various measures on credit, market reforms and food processing under the Aatmanirbhar Bharat announcements.
While the BJP said it has only portrayed some incidents, which happened during the previous Congress regime through the cartoons which are not meant to hurt anyone, the grand old party accused it of releasing such illustrations out of frustration.
Finance Minister Nirmala Sitharaman also said that the government proposes to increase the benefit of carrying forward losses for startups to 10 years.
State Bank of India's house economists on Monday said the recent farm sector reforms reek of parochial thinking and promote lazy farming as they only cater to cereal-producing states. In the recently concluded monsoon session, the government rushed through three legislation to change the way agricultural produce is marketed, sold and stored by dismantling the decades-old APMC (Agricultural Produce Market Committee) mandis.
Farmers in Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana anticipate a sharp decline in vegetable output this year, due to sustained declines in the water table after consecutive years of below-average rain. Prices of vegetables are expected to stay high for the next four to six weeks.
The party also promised reservation to minorities on basis of their population after the caste census.
The interim Budget proposals that will be presented on February 1 in the backdrop of the general elections scheduled in April/May 2024 are likely to have a hint of populism, believe analysts, but are unlikely to derail the government from its path of fiscal prudence.
The agency has also summoned Rajasthan Chief Minister Ashok Gehlot's son Vaibhav Gehlot for questioning in a case related to alleged contravention of the foreign exchange law, official sources said on Thursday.
The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones.
In 2018, Mr Chouhan became chief minister for the fourth time with some support from Mr Scindia. This time, nothing can be said with any certainty.
Jaitley said the Congress has given to the people many slogans but very little resources to implement its election promises.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
'The most powerful lesson I have learned is to observe discipline, always show up and work hard enough if you have the will to win.'
Opposition members in the Lok Sabha on Monday blamed the Bharatiya Janata Party-led central government's policies for the price rise and accused it of ignoring the plight of common people, saying kitchens will soon "see a lockdown" if the Centre does not take corrective measures.
A downturn in Indian demand could hit global gold prices.
'What is most distressing is that the revival of the economy, creation of more employment, and reducing poverty are not on the agenda of the government at all.' 'We are an economy on the verge of a demographic disaster.'
The government also proposed promoting 'one product one district' for better marketing and export of horticulture crops. It also called on states for early implementation of three key central model laws on land leasing, agriculture produce and livestock marketing and contract farming.
Forecast of normal monsoon and a good harvest will boost the purchasing power of gold among farmers in India, said a report from the leading Asian investment bank, HSBC.
Chief minister Shivraj Singh Chouhan's task is to live down the hype and address the nitty-gritty, reports Radhika Ramaseshan.
He is not good at thinking through laws and policies. His lockdown produced chaos and misery and didn't stop Covid. His GST finished off thousands of companies and reduced the amount of tax government collects to such an extent that he cannot pay state governments any more, observes Aakar Patel.
As India looks to scale up use of technology in agriculture, a recent study has found that with just 2 per cent of the cultivators in India using mobile applications for farm-related activities and real-time alerts, adoption of tech solutions such as Internet of Things (IoT) remains at a nascent stage. It also found almost 90 per cent of the existing start-ups and tech-based companies have solutions that are focused only on pre-harvest operations and not on post-harvest which has a higher investment potential due to the presence of big companies. In post-harvest operations, the study, Titled, IoT Adoption in Indian agriculture, that was conducted by industry body Nasscom along with Cisco India among more than 180 enterprises and 40 agritech start-ups found that unclear Return on Investments (RoI) is a big stumbling block for adoption of tech solutions like IoT.
According to a press release, the five-year agreement aims to bring 50,000 acres under cocoa farming, which would provide coconut farmers an additional income of Rs 80 crore a year. The agreement was signed in Tiruchi, the release said.
With farmers incomes' increasing despite inflation nearing zero, Prime Minister Manmohan Singh on Tuesday exuded confidence that the economy would revive in a big way in 6-7 months as the stimulus packages work their way through the system in and demand expands.
From linking innovation with supply of inputs to providing contract farming, the private sector can help agriculture move to the next stage of development.
