Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth
In a country as vast and diverse as India, it will require a variety of development approaches to bring the benefits of growth and prosperity to all agriculturalists
Budget falls short on farm reforms execution
In its first tenure, the government constituted a committee under Ashok Dalwai, then Additional Secretary in Agriculture Ministry, to prepare a report to achieve the goal.
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
State to support paddy share cropping and contract farming, will also promote cluster farming of export oriented commodities
The report said there has been a 1.7-times increase in average farmer income in last decade
Ex Plan panel member also says demonetisation took a huge toll on cultivators and labourers; favours loan waivers, is skeptical about cash support scheme
In the Indian context, the agricultural households derive income from four sources, viz., cultivation, livestock, non-farm business, and wages and salaries
The PM said more agricultural credit and easier access to markets was needed to boost incomes
He said the government has taken various measures to improve rural infrastructure by building roads
In 2011-12, 64% of the rural workforce was engaged in agriculture