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PM-KISAN to provide multiple benefits to farmers: CEA

-PTI The average income of farmers in FY16 was about Rs. 30,000 and, hence, Rs. 6,000 would be 20 per cent Farm Income Support Scheme PM-KISAN will provide multiple benefits to farmers, including improving their credit worthiness, said Chief Economic Adviser K V Subramanian. The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was announced in the Interim Budget 2019-20, under which Rs. 6,000 will be given in three instalments to 12 crore small...

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The pitfalls of a cash Income Support Scheme -Prabhat Patnaik

-The Telegraph For starters, it would alter the prices at which such support was calculated for ensuring a basic real income With Rahul Gandhi’s announcement of the Congress’s “historic decision” to adopt an income guarantee scheme, the idea of a universal basic income, mooted in the Economic Survey two years ago, has suddenly got a fillip. It appears attractive at first sight: its universality avoids the discrimination, exclusion and jockeying that typically...

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PM Kisan Yojna: Small, marginal farmers to get Rs 4,000 by early April

-The Indian Express The Centre plans to transfer Rs 4,000 to small and marginal farmers under the PM-Kisan scheme by the first week of April, well before the Lok Sabha polls start. The transfer of Rs 2,000 to the bank accounts of farmers will commence from February 24 under the Income Support Scheme and preparations are on to cover as high as 1 crore farmers on the first day of the...

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144% More Funds For Agriculture, But Not Enough To Quell Farm Unrest - Nilachala Acharya

-IndiaSpend/ CBGA Agriculture has got an unprecedented 144% rise in allocation in the interim budget announced by the Bharatiya Janata Party (BJP) government--from Rs 57,600 crore in the 2018-19 budget estimates to Rs 1,40,764 crore in the interim budget. This took the share of the agriculture ministry in the total union budget to 5.2%, a benchmark succeeding governments will be compelled to match for political reasons. For context, the share has been...

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Why Universal Basic Income is Fraught With Serious Problems -Prabhat Patnaik

-Newsclick.in Income support should not lead to the State washing its hands of the poor after handing them a certain sum of money whose real value too would dwindle over time. With Congress president Rahul Gandhi’s announcement recently at Raipur that his party had taken a “historic decision” to introduce an income guarantee scheme for the poor, and with the general anticipation that the Narendra Modi government’s last budget will also announce...

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