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Union Budget 2021: Business-as-usual for agriculture when a change in orientation was much-needed The finance minister was at pains to emphasise that the Narendra Modi government had doubled the spending on wheat procurement and nearly tripled that on rice procurement since it assumed office in 2014 Vivian Fernandes February 02, 2021 15:50:47 IST Representational image courtesy Pixabay Finance Minister Nirmala Sitharaman said her Budget rested on six pillars and one of the goals was to double farmers’ income. But there was little in her Budget speech to change the direction of agriculture, which not only needs to be market-oriented and competitive but also environmentally benign and resilient to climate stresses. ....
New agri cess to be carved out of Centre s money, won t burden consumers: Nirmala Sitharaman to Network18 The Union finance minister said that to compensate for the additional cess, the government has reduced the excise duty component, resulting in no additional cost for the public FP Staff February 01, 2021 22:37:30 IST Nirmala Sitharaman during the interview with Network18. News18 Union Finance Minister Nirmala Sitharaman clarified on Monday that the new agriculture infrastructure and development cess which was announced during the budget on Monday won t be passed on to the consumers or states as it has been carved out of the additional excise duty imposed by the Central Government on certain goods such as petrol and diesel. ....
The Centre’s outlay for agricultural research and education last year was a little over $1 billion or Rs 8,000 cr compared to the $2.8 billion R and D investment of Bayer Crop Science. ....
Union Budget 2021: Govt should focus on R and D in agriculture, raise outlay, help farmers to diversify crops The Centre’s outlay for agricultural research and education last year was a little over $1 billion or Rs 8,000 cr compared to the $2.8 billion R and D investment of Bayer Crop Science. Vivian Fernandes January 28, 2021 11:55:59 IST Representational image courtesy Pixabay Among the priority areas in agriculture that the Budget should focus on is research and development. The outlay should be substantial and dedicated to raising the production of those commodities India is short of. This can be done by breeding varieties that are high-yielding or resistant to pests, pathogens and weather stress so that yield losses can be reduced. The Centre’s outlay for agricultural research and education last year was a little over $1 billion ....
Union Budget 2021: Centre likely to hike farm credit target to about Rs 19 lakh crore The credit target has increased consistently over time, with credit worth Rs 11.68 lakh crore being given to farmers in 2017-18, as opposed to the year’s Rs 10 lakh crore target, sources said Representational image. Reuters New Delhi: With the aim of doubling farmers income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on 1 February, according to sources. For the current fiscal, the government has set a farm credit target of Rs 15 lakh crore. ....