Wednesday, May 22, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeNewsIndustryBudget 2018 is pro-agriculture but MSP definition needed, says KisanKraft

Budget 2018 is pro-agriculture but MSP definition needed, says KisanKraft

Follow Tech Observer on Google News

With respect to the MSP in Budget 2018, government needs to clarify the definition of cost of production

Google News

The organizations like are of the view that overall is in right direction. They appreciate the efforts of the government for refactoring MSP, idea of gramin rural market agencies, extension of Kisan credit to fisheries and for animal husbandry. They say that tt's definitely a pro- budget this time. However, with respect to the MSP, they say that government have to clarify the definition of cost of production, and if it is in line with Directorate of Economics and Statistics definition from A1 to C2. Here is the view of Ravindra Agrawal, MD and Promoter of KisanKraft.

We are very happy that the government has kept fiscal discipline intact and continued structural reforms for long term benefits. We welcome the overall budget 2018-19 and appreciate the efforts of the government for refactoring MSP, idea of gramin rural market agencies, extension of Kisan credit to fisheries and for animal husbandry etc. It's definitely a pro-agriculture budget this time. The move of encouraging organizations engaged in farm produce business is very positive, and will in turn aide farmers.

However, with respect to the MSP government have to clarify the definition of cost of production, and if it is in line with Directorate of Economics and Statistics definition from A1 to C2. We strongly believe that government will definitely come with ways of increasing farmer's retail income as a higher percent of final retail value. Additionally, there was no mention of reduction in GST for farm inputs like pesticide, fertilizers, fuel and farm mechanization products etc.

Budget 2018 is pro-agriculture

No details were given on the measures taken for agricultural infrastructure like dams, cannals and irrigation infrastructure to reduce farmers' dependence on rains. We welcome government's measure taken for micro irrigation but attention is required on traditional irrigation system as well. Lastly, the focus also should be laid on educating the farmers with the better package of practices, technological advancements through Panchayat level on-site education system.

With continued focus on agriculture, government will surely achieve its goal of doubling farmer's income in near future. We highly appreciate government's emphasis on generating higher incomes for farmers, by helping them produce more with lesser costs involved.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
- Advertisement -EmpowerFest 2024
- Advertisement -Education Sabha
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Diversity requires transforming workplaces for women in decision-making: Hanna Strömgren Khan

Achieving substantial change requires more than just investing in female entrepreneurs. It demands transforming workplace environments to support the rise of mom-CEOs and ensuring that women have a rightful place at the decision-making table, says Hanna Strömgren Khan of The Bozzil Group.

RELATED ARTICLES