The design of the scheme is incongruous with the objective of supporting low income farmers, and even in states with decent land record systems, it is incapable of implementation without significant leakages.
Industry leaders including Gautam Adani, Anand Mahindra, ITC Managing Director Sanjiv Puri and Walmart India CEO Krish Iyer felt issues relating to farmers, unorganised sector workers and middle class were addressed in the Budget without 'risking bankruptcy of the economy'.
As part of the package, which includes an income support scheme, will transfer a sum of Rs 6,000 per year to farmers who own upto 2 hectares of land.
Here's a roundup of the key happenings in the commodities market, with a deep dive into some of the most active counters
Here's a roundup of key updates in the commodities market.
A drop in production would slash exports from the world's second-biggest sugar producer and support global prices that have fallen 15 percent so far in 2018.
Market reforms and not loan waivers is the only way to help poor farmers, the weakest link in the food chain, to stand on its feet
The government-to-government level trade deal to export sugar to China will be a game changer for the beleaguered sector
The government announces minimum support prices (MSPs) for most crops yearly to set a benchmark, although state agencies usually buy limited quantities of staples such as rice and wheat at those prices due to a lack of storage and funds. Market prices for many crops typically run well below MSPs.
Sakshi Batra discusses with Gaurav Choudhury , Policy Editor of Moneycontrol, the implications of this new policy on sugarcane farmers who have still not been paid arrears to the tune of Rs 13000 crore.
In what can be construed as an admission of guilt Trump administration announced a $12 billion emergency relief package for its farmers caught in the crossfire of the president’s trade war
An overdose of sugar incentives is affecting both the sugar sector in India and the world
The state agriculture department had announced the paddy transplantation from June 20 instead of June 15 to preserve water and check the fast depleting groundwater table.
Maharashtra has a lopsided allocation of resources that favors certain crops and orphans others, which further aggravates the issue of farmers' incomes.
The 'Fish Pond Yojana' scheme was launched by Chief Minister Naveen Patnaik, while inaugurating a workshop on 'Doubling of Farmer Income through Dairy and Allied Farming Practices' here.
The state government has announced a Rs 32,000 crore scheme to waive farm loans of up to Rs 1 lakh by lending institution as on or before March 31, 2016. The state government in a release said that farm loans of Rs 10,000 and above have been waived benefiting 11,27,890 farmers.
Nearly every section that constitutes the socio-political economy of Sikar district has turned up to lend support to what had started as a farmer protest, be it students, anganwadi workers, the city bus union, the autorickshaw union, the small traders association, the pump set workers... you name it.
Rich farmers will be blocking a substantial coverage of the farm loan waiver scheme in Maharashtra, as only 17 per cent of all defaulting farmers account for 46 per cent of total amount owed to banks
Hundreds of Congress workers as well as senior leaders like Rajasthan Congress chief Sachin Pilot and Madhya Pradesh legislator Jaiwardhan Singh also courted arrest. They were being taken to a guesthouse of a cement company, a police official said.
Pointing to farmer suicides and unemployment in the country, he said the last three years were a "betrayal" of the mandate the government had received.
"These measures are directed at mitigating agrarian distress and increasing agriculture productivity. They will also contribute in doubling of farmer income in the next five years," the Governor told the members of both Houses.
Reacting to the proposals in the Budget presented by Finance Minister Arun Jaitley today, he praised the Centre's move to bring "much-needed" reforms in political funding by making political parties file income tax returns, and lowering the maximum cash donation received by any party from one source to only Rs 2,000 from Rs 20,000.
The Supreme Court has taken a Suo Moto (meaning on its own) cognizance of the issue of farmer suicides in the country and has sought a response from the central and state governments on same.
Following the tough decision to demonetise Rs 500 and Rs 1000 currency notes, Prime Minister Narendra Modi today thanked citizens for undertaking a yagna (sacrifice) to cleanse the economy of black money