Populist relief measures take prime place, but Survey offers some sustainable & effective long-term solutions for ailing farmscape.
The department of fertilisers (DoF) has projected the actual fertiliser subsidy spend for 2008-09, at prevailing (January) global prices for raw materials and finished fertiliser, at Rs 64,000 crore.
Govt may have finally cleared the whopping Rs 16,200 crore it owed in food grain buys by the rural development ministry to the Food Corporation of India by issuing bonds.
Confusion persists for the second year running - in a telling reflection of the low credibility of government farm and food output statistics - over the sugar production estimates for the ongoing 2007-08 sugar year.
The world’s sharpest sugar tooth just got slicker. Indians consumed a good two million tonnes of sugar more than the average 19 million tonnes in 2006-07, on the back of plunging sugar prices.
Govt is disinclined to accord an across-the-board infrastructure status for commexes and their subsidiaries as well as corporate houses that invest in rural infrastructure building and upkeep.
Not just the government’s foodgrain import bills but your own food bill is set to balloon significantly in the coming years.
A new study says that the growth rate in overall domestic foodgrain production needs to accelerate 3-4 times to guard against an adverse impact on household food and nutritional security.
Recent studies have projected a phenomenal growth in demand for food in later half of 11th Plan and beyond, up to 2020-21, at four times the current production.
The government’s biggest worry on farm credit in this Budget should be the stagnation in the numbers of new farmers who accessed credit vis-a-vis the quantum of loans compared to 2006-07.
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