Reviving agriculture: What the FM missed ?
The underlying objective of the four-pronged strategy outlined in the Budget speech for spurring agricultural growth is, obviously, to address the supply side constraints that have sent food prices soaring in recent months.
The plan has measures to boost agricultural production; reduce wastages in the food supply chains right from the field to the market and further on to the dining table; lend adequate credit support to the farmers for investing in raising farm output; and to promote the food processing sector to facilitate both waste reduction and value addition of the farm produce.
As a major initiative to tame food inflation, Finance Minister Pranab Mukherjee ...more
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While the Shetkari Sanghatana leader and MP Raju Shetty has pointed out that farmers have not gained much from the general budget, the Mahratta Chamber of Commerce, Industries and Agriculture's (MCCIA) chairman of the agriculture committee Uday Borawake has welcomed the availability of increased credit for farmers.
Managing director of Maharashtra State Co-operative Sugar Factories' Federation Limited Prakash Naiknavare was disappointed that the sugar cane industry did not get provisions like a 10-year tax holiday for cogeneration projects of sugar mills and a rebate on blending ethanol in petrol.
Speaking to DNA, he said the government had proposed to reduce interest rate on agricultural loans by 1% to ensure timely repayment. However, it recently increased urea prices by Rs50 per quintal. The gains on reduced ...more