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Centre's Allocation to Rural Economy Paints a Nuanced Picture of its Commitment


Centre s Allocation to Rural Economy Paints a Nuanced Picture of its Commitment
While the government is not diluting its focus on agriculture and rural development, some operational problems could surface with such a pattern of allocations.
Farmers cultivate peas on a farm at Devi Dass Pura village, on the outskirts of Amritsar, Monday, Feb. 1, 2021. Photo: PTI
Budget 2021 has been profusely welcomed by pink media, stock market and most “expert” commentators.
The move towards transparency of budget figures is arguably one of the most significant achievements of this year’s budget. By acknowledging that fiscal deficit in revised estimates (RE) 2020-21 will be 9.5% of GDP rather than 3.5% in the budget estimates (BE), the Centre has brought much needed credibility to the figures of fiscal deficit. If the deficit can be contained to 6.8% in 2021-22, the Centre can claim even more credit for the robustness of the budget’s estimates and projections. ....

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'Empty Budget': Farmers' Unions Allege Centre Gave Least Priority to Agriculture


Empty Budget : Farmers Unions Allege Centre Gave Least Priority to Agriculture
The share of agriculture and allied activities in the total budget fell from 5.1% last year to 4.3%.
Swaraj India President Yogendra Yadav at Ghazipur border in New Delhi, Friday, Jan. 29, 2021. Photo: PTI
Economy01/Feb/2021
Mohali: The unions which have been at the forefront of the farmers’ struggle against agri-marketing reforms for the last six months have expressed disappointment over the Union budget for agriculture presented today.
In a pre-budget and post-budget analysis, farmers’ leaders Yogendra Yadav, Avik Saha, Kavita Kuruganthi, Kiran Vissa and other agricultural experts said that the Union budget presented on Monday “has proved the farmers’ apprehensions right – that this government is on a path of withdrawing support to agriculture, not strengthening it.” ....

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MSP isn't a solution to farmers' woes - The Hindu BusinessLine


MSP isn’t a solution to farmers’ woes
Covering all 23 crops under MSP is a gigantic task, requiring huge budget allocations   -  THE HINDU
Covering all 23 crops under MSP is a gigantic task, requiring huge budget allocations   -  THE HINDU×
A better bet is the Price Deficiency Payment Scheme, as it is easy to execute and can cover all crops and farmers
The agitating farmers are mainly demanding guarantee of minimum support price (MSP), although the new farm laws are not related to MSP in any way and the government has time and gain said that procurement under MSP will continue. ....

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