The weather office has forecast rains accompanied with thundersquall with hail over the wheat, corn and mustard belt of north west and central India in the next 24 hours.
Harsimrat Kaur Badal said that the Walmart can invest billions of dollars and set up multibrand retail stores on its own, enriching farmers with foreign capital.
Walmart and other global firms can invest a couple of billion dollars and set up multi-brand food stores on their own, says Food Processing Minister.
The Budget has also earmarked Rs 38,500 crore for the rural job guarantee scheme. Singh said the funds raised though the cess will be used to fund various farm initiatives.
Agriculture minister Radha Mohan Singh aims 4% farm sector growth in FY17 on Budget support, monsoon
The Budget presented on Monday has allocated Rs 35,984 crore for the agriculture sector and farmers’ welfare, with major thrust on irrigation programmes.
However, experts say it may take time for these steps to end rural distress that has risen after the monsoon failed in the past two years.
Launch of direct cash transfer for fertilizer subsidy in a pilot scheme will help farmers and manufacturers apart from helping the govt’s finances.
Farmer bodies have welcomed the budget's focus on expansion of irrigation across the country, which is likely to irrigate an additional lakh hectares.
The Economic Survey for 2015-16 tabled in Parliament on Friday said that the fertilizer subsidies were very costly, accounting for about 0.8 % GDP.
CICR has introduced Bt genes into 21 cotton seed varieties, which scientists say can be provided to farmers at 10% of the price of hybrid seeds.
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