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

  In its 2014 election manifesto, the Bharatiya Janata Party (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...

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Union Budget And Other Economic Policies

KEY TRENDS   If one goes by the expenditure of major items, then according to the [inside]Union Budget 2021-22[/inside] (please click here to access): • Expenditure on Pension was decreased from Rs. 2,04,393 crore in 2020-21 (R.E.) to Rs. 1,89,328 crore in 2021-22 (B.E.). Budgetary allocation on Pension was Rs. 2,10,682 crore in 2020-21 (B.E.) • Budgetary allocation on Pension as a proportion of total budgetary expenditure was 6.93 percent in 2020-21 (B.E.),...

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