NEW DELHI—India pledged on Monday to invest billions of dollars to improve the lives of farmers and boost the rural economy, drive consumer demand and stimulate growth.
Finance Minister Arun Jaitely proposed spending nearly $13 billion on rural development, promising higher incomes for farmers who form the majority of India’s 1.2 billion people.
Presenting the annual budget for 2016-2017, he forecast that India would grow by 7.6 percent in the year ending March 2016. The government intends to distribute the benefits of growth among the poorer sections of society, including the vast majority of India’s farmers, he said.
“We plan to double farmers’ income in five years,” Jaitely said.
He outlined what he called the government’s “nine pillars” of a “transformative agenda” for the economy.
They include a slew of measures to boost education; increase spending on roads, irrigation and other infrastructure; intensify oversight of government spending; and reform India’s complicated tax regime.
The Indian economy is doing well, despite slowing growth in other emerging and leading economies, Jaitely said. His reference to a recent observation by the International Monetary Fund that India was the one bright spot in the global outlook was vigorously applauded by fellow members of the ruling Bharatiya Janata Party.
“We inherited an economy of slow growth, high inflation and low faith in government…amid global headwinds, the Indian economy has held its own,” he said.
Prime Minister Narendra Modi led his Bharatiya Janata Party to a decisive win in national elections in May 2014, promising to overhaul the Indian economy and change archaic laws. However, Modi’s attempts to streamline taxes and overhaul antiquated labor and land-acquisition laws to attract more investment mostly have been thwarted by opposition parties.
Investments in agriculture are urgently needed, since vast numbers of farmers in India’s monsoon-dependent-farm sector are suffering from two back-to-back years of poor rains, analysts say.
However, the focus on helping farmers likely also was done with an eye toward legislative-assembly elections due in five states in the next few months.
In the last two years the Modi government has pumped funds into infrastructure development. The recent drubbing the ruling party received in state elections in the farming state of Bihar inspired a change in emphasis.
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Double farmers incomes ? Indian Farners are facing an existential crisis !
The Sikh Farmers have been conned,by the Brahmin/Bania vermins,of the GOI – just like their “Gurus” were conned by the Brahmin/Banias,500 years ago – to wage war,against the Mughals.
It took the Sikhs 73 years to awaken,and it is too late,as they have still NOT raised,the key issues.dindooohindoo
The Indian Con Job
The GOI claims to have a MSP – a Minimum Support Price,for just 2 crops,in some states of India – with no minimum offtake per farmer,and with a cap,on the overall value,of procurement.This has been on for 73 years.
In the early years,India had a food shortage – and so,the con workked.Then the surpluses began !
The aim of the GOI was to PUSH the farmers to OVERPRODUCE,with 3 benefits for the GOI and their cohorts
Sufficient Foodgrain Reserves
Sufficient foodgrains for PDS
Excess supply pressures on price reductions and reducing the bargaining capacity of farmers – which is ONLY to help the agri value chain
So if the farmers were to boycott farming,for 6 months,Global corn and wheat rates in CBOT will double,and the GOI will TRIPLE the MSP ! By overproducing,the farmers are only KILLING themselves – as higher stocks,no storage,interest on loans and poor quality etc.,increases the pressure on the farmers,to liquidate stocks and accept the quality grading system of the arhatiyas.
When a state in India has a AGRI shortfall it raises the MSP (As there is not enough procurement),and when farmers from o/s states come to dump their wheat – the state refuses.The local farmers see the current MSP and then,overproduce in the next year – and then,the MSP is lowered by the State ! This comedy has been on,for decades.
In essence,India is a bankrupt nation and cannot do 100% purchases of EVEN 1 crop on MSP,in EVEN 1 state of India.
Such a simple fact – and the Sikhs COULD NOT understand this for 73 years ? This requires NOT intelligence or intellect.If the Sikhs were TRUE followers of Nanak,they would have known this 400 years ago.There is just NO MONEY !
The FCI Con Job
No one knows what stock FCI is holding ! There are 2 types of stocks with FCI.1 is in FCI godowns and the 2nd is in the stomach of rodents (who are also stored in FCI godowns – as permanent residents).If all goes well,2 rats can produce 1000 rats in 30 days.But the genius of the GOI is infinite – as it plans to export rat meat – and so,it is a form of integrated storage – from integrated farming to integrated storage !
No one knows the proximate quantity and quality of FCI Stocks – except the rats in the FCI godowns.
So the so called prime wheat purchases by arhatiyas,is diverted to the private market and the spurious and lower grade wheat is sold to FCi as prime.The sales to the private sector is at a premium (by the arhatiyas)
Similarly,when the PDS stocks reach the POS storage yards,the prime wheat is diverted to the private market and the 2nd grade wheat is procured from the arhatiyas and fed to the poor.It is said that the rats in the FCI godowns eat the BEST wheat and so,the Indian poor eat a grade lower than rats – but they are happy that they are getting anything at all.Perhaps it is time to feed Indians – rat meat.
The Quality Con Job
The poor farmers with a debt load are ripped off by the arhatiyas – in the grading system – to sell prime as offgrades.This rip off,is then,in part,transferred to the rich farmers whose offgrades are bought as prime,and the rest of the offgrades are palmed off to the FCI as prime or sold in the private markets.It is a single digit % of the FCI stocks and aggregate purchase,and the GOI neither the means nor the IQ to track it – but it is in the Billions of USD.
The Justification of the FCI Con Job
The GOI approves of this rip off as they say that economic value addition by the private sector is better than rats eating wheat and rice in FCI Godowns.And the tragedy is that they are right.
Therefore rats in FCI godowns are better off than Indian farmers and Indisn consumers of wheat
The failure of “India”
India is a failed experiment.The Constitutional structure of India is being dismantled.The states have failed miserably on all counts.GST is proof of the fact that the GOI has reckoned after 73 years,that Indian states CANNOT manage their finances and their economies.
Draconian Indian Terror laws and census laws is proof that the entire legal and judicial architecture of India is obsolete
India is obsolete
The Solution
The Sikhs are juveniles and fools.Their future lies in Khalistan.India is a failed state.There are only 2 paths for India
1.Partition
2.Destruction of India and then Partition between Pakistan,China.Lanka,Kashmir,Bangladesh,Khalistan, Dalitistan,Dravidian state and a Muslim state
Other than a call to arms,if the Sikhs REALLY want to make the GOI – procure on MSP and withdraw the bills,they have to BOYCOTT farming for 6 months.In other words,they need to farm ONLY FOR SELF CONSUMPTION.No sales to the State or the private traders.Thereafer the Farm organisations in USA/Canada and UK can build positions on CBOT.That will offset the agri income loss for the striking farmers