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Agri infra cess for whom? It must be used for farmers’ benefit On the economic policy front, it was amply clear that unlike other crises, Covid-19 had a significant impact on demand and supply. India recognised the disruptive impact and had to charter its unique path amidst the dismal projections. As a result of the policy initiatives undertaken by the government, as per the Economic Survey, the country saw a V-shaped recovery. In the backdrop of an unprecedented crisis, the year 2020-21 had been a challenging one on the fiscal front. The shortfall in revenue collection owing to the interru...

New farm cess won’t pinch your pocket February 01, 2021 To get additional resources for the farm sector, the Budget has proposed Agriculture Infrastructure and Development Cess (AIDC) on over a dozen items, including gold-silver, alcoholic beverages and petrol-diesel. However, the consumer will not have to pay more for any of these items. “There is an immediate need to improve agricultural infrastructure to produce more, while also conserving and processing agricultural output efficiently. This will ensure enhanced remuneration for our farmers. To earmark resources for this purpose, I pro...