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MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years

rty (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union Budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the cost of their production. So, the ruling NDA government at th

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Farm loan waiver: How to nip it in the bud -Naveen P Singh

indebted. Considerable efforts have been taken in channelising institutional credit to farmers and raising farm credit disbursement targets, with allocations increasing by Rs 1 lakh crore in every Union Budget over the past three years. But non-institutional credit still hovers around 40%, and the majority of small and marginal farmers rely on moneylenders. The share of marginal and small agricultural households in total non-institutional borrow

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60 Economists Send Wake-Up Call to Arun Jaitley on Maternal Benefits

Delhi: Sixty economists from across the country have written to finance minister Arun Jaitley, asking him to ensure that social security pensions and maternity benefits get adequate attention in the Union Budget 2019. They argue that they had made a similar “modest” request before the 2018 Budget, but it went unheeded. The full text of their letter is reproduced below. § Dear Mr. Jaitley, This is a follow-up to our letter

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Farm-loan waivers turn nightmare for banks -G Naga Sridhar

tal agriculture advances stood at 7.70 per cent. The NPAs in total outstanding agricultural advances touched 23-30 per cent across States. Bankers are expecting a major announcement in the ensuing Union Budget about waiver of certain categories of farm loans and are gearing up to face it. Please click here to read more.

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Govt okays policy to ensure hiked MSP

ate agencies for procurement to ensure profitable price for farmers.   “The PM-AASHA is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2018. This is a historic decision,” said Agriculture Minister Radha Mohan Singh. Under the PM-AASHA, states will be allowed to choose from three schemes —  Price Support Scheme, Price Deficiency Payment Scheme and Pilo

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New EPF enrolment during Sep., 2017 to Apr., 2018 confined to a few industries & states, indicates data

; b. Contribution of 12 percent to EPF for new employees for three years by the government in sectors employing large number of people like textile, leather and footwear. While presenting the Union Budget for 2018-19, the Finance Minister Shri Arun Jaitley announced that the government will contribute 12 percent of the wages of the new employees in the EPF for all the sectors for the next three years. Critics say that the administrative dat

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India needs both price and income support for farmers -Soumya Kanti Ghosh and Debashis Padhi

-Livemint.com The concerns about the downsides of these schemes are overblown, and they could go some way in alleviating rural woes Since the Union Budget 2018-19, there has been a great deal of discussion in the public domain regarding the health of the rural sector. We believe that the rural sector needs some policy intervention, be it price support or income support. As a case in point, the agri gross domestic product (GDP) deflator has dec

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Promises alone cannot improve people's health; government should know that -Kundan Pandey

th and Family Welfare (MoH&FW) saw a marginal increase from Rs 32,819 crore to Rs 37,061 crore in 2016-17. After adjusting inflation, the increase is a mere five per cent per capita. While the Union Budget of 2015-16 announced a 5.7 per cent cut in total allocation to the health sector, the 2016-17 budget allowed a marginal rise of just five per cent when adjusted for inflation and there was similar marginal increase in 2017-18 budget too, the

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Farm subsidies: the coming fight at the WTO

-Livemint.com India needs to defend policies that make agriculture remunerative and stand by its poor at this stage of development In an attempt to combat rural distress, the Union Budget announced this year by finance minister Arun Jaitley promised a new deal to farmers—minimum support prices (MSP) that would be 150% of the cost of production. The government is expected to announce the first set of support prices under the new policy

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Easier credit norms for small and marginal farmers -Zia Haq

bursed through scheduled commercial banks, cooperatives and regional rural banks. Farmers rely on agricultural credit to purchase various inputs, from fertilizers to irrigation equipment. The 2018-19 Union Budget raised the target for farm credit by 10% to Rs11 lakh crore. Under the Kisan Credit Card scheme, small farmers can also avail of a “flexible limit” of between Rs10,000 and Rs50,000 for post-harvest warehousing needs and setting

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