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Getting the Investment-Subsidy Mix Right in Indian Agriculture

Getting the Investment-Subsidy Mix Right in Indian Agriculture
Corporate investment in agriculture is only 3% of the total investment. This needs to change in the years ahead.
Agricultural workers in a field. Credit: Ricardo Martins/Wikimedia Commons
Government05/Feb/2021
Investment, rather than subsidies, is the major theme of Budget 2021-22. For the agriculture sector also, there has been a reduction in allocations under several schemes. It is possible that investment in agriculture will also get more attention from the government after the farmersâ protest against farm laws is resolved.
While economists may be divided on key agricultural policies â including the three contentious farm laws, the principle of minimum support price (MSP) and input subsidies â there is a general consensus on the need to mobilise adequate investment into agriculture and allied sectors for achieving higher growth. This will also help in increasing farmer income. ....

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Budget 2021-22 in short: A vision for AatmaNirbhar Bharat

1. Health and Wellbeing
There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage.
The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission. The main interventions under the scheme are: ....

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Full text: FM Nirmala Sitharaman unveils Union Budget 2021; doubles healthcare spending, lifts caps on FDI

Hon’ble Speaker,
I present the Budget for the year 2021-2022.
1. Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19
through 2020 is sui generis.
2. When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction.
3. We could not have also imagined then that our people as those in other countries would have to endure the loss of near and dear ones and suffer hardships brought about due to a health crisis. ....

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Union Budget 2021-22 Summary: Here's the complete overview of Budget

Health and Wellbeing
There is substantial increase in investment in Health Infrastructure and the Budget outlay for Health and Wellbeing is Rs 2,23,846 crore in BE 2021-22 as against this year’s BE of Rs 94,452 crore, an increase of 137 percentage.
The Finance Minister announced that a new centrally sponsored scheme, PM AatmaNirbhar Swasth Bharat Yojana, will be launched with an outlay of about Rs 64, 180 crore over 6 years. This will develop capacities of primary, secondary, and tertiary care Health Systems, strengthen existing national institutions, and create new institutions, to cater to detection and cure of new and emerging diseases. This will be in addition to the National Health Mission. ....

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Union Budget 2021: FM Nirmala Sitharaman sets the tone for AtmaNirbhar Bharat, post-COVID recovery

Highlights
Budget went paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
New Delhi: Finance Minister Nirmala Sitharaman presented the much awaited Union Budget 2021 with a major focus more on driving the economic recovery through higher spending on healthcare and infrastructure.
As India is emerging from the COVID-19 crisis, the ninth budget under the Modi government (including an interim one), the Finance Minister s prime target is to boos spending on job creation and rural development, generous allocations for development schemes and easing rules to attract foreign investments.
Laying a vision for AatmaNirbhar Bharat in the Union Budget 2021, she said this is an expression of 130 crore Indians who have full confidence in their capabilities and skills. She said that Budget proposals will further strengthen the Sankalp of Nation First, Doubling Farmer’s Income, Strong Infrastructure, Healthy India, Good G ....

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