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Agricultural Sector needs a Transformation to ensure Sustainable Livelihoods for the Farmers and Food Security
Economic Survey Emphasizes to Improved Productivity in Agriculture; Disbursal of Subsidy on Fertilizers should Shift to DBT; Fixed Amount of Subsidy in the case of P and K Fertilizer Subsidy.
There needs to be a Shift to Demand-Driven Agricultural Advisory Services
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The Economic Survey 2015-16 presented here today in the Parliament by the Union Finance Minister Shri Arun Jaitley emphasizes that JAM Trinity –Jan dhan, Aadhaar, Mobile- can help government to implement large-scale, technology-enabled and real-time Direct Benefit Transfers (DBTs) to improve economic lives of India’s poor. First variety of JAM- PAHAL scheme of transferring LPG subsidies via DBT -has reduced leakages by 24 per cent.
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Highlights of Railway Budget presented to Parliament by Railway Minister Suresh Prabhu on Thursday
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Finance Minister Arun Jaitley Presents Economic Survey 2015-16 in Parliament
Growth rate in the range of 7 to 7.5 per cent in 2015-16.
Survey expects growth rates of 8 per cent or higher expected in the next couple of years in view of macro-economic stability.
Government will meet fiscal deficit target of 3.9% of GDP. Fiscal deficit to come down from 4.2% to 4% of GDP this year.
Industrial growth rises to 3.1 per cent.
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The government has suffered losses in selling sand from the State’s rivers without auction.
The report of the Comptroller and Auditor General of India on general and social sector for the year ended March 2015 notes that there was laxity on the part of Land Revenue Commissioner to enforce provisions of the Kerala Protection of River Banks and Regulation of Removal of Sand Act.
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