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Principale » FM holds pre-Budget meet with agri experts

FM holds pre-Budget meet with agri experts

06 Décembre 2017

Finance Minister Arun Jaitley on Tuesday said the Central government was fully committed to safeguard the interests of the workers, especially those working in the MSME and the unorganized sector.

One of the suggestions was that the Centre should come out with an "Agriculture Debt Relief Package" for the entire country that can be used with matching contributions from states.

In order to achieve the goal of doubling farmers' income by 2022, there is a need for better storage and marketing facilities for the produce so that they get higher prices, he said in his first pre-Budget consultative committee meeting with the representatives of different agriculture groups here today.

Consortium of Indian Farmers Association (CIFA) Secretary General B Dasaratha Rami Reddy said there is a need for Income Security Act for farmers, tenant farmers and farm labourers.

Underlining the Prime Minister's plan to double farmers' income in the next five years, Y Sivaji, an agriculture expert and a former Member of Parliament, said the government should announce MSPs for more agricultural products and they should be linked to the inflation in input costs.

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ICRIER Chair Professor for Agriculture Ashok Gulati said that structural reforms in agriculture are more important than farm loans waiver.

Experts also demanded removal of the Essential Commodities Act, including all agriculture inputs and equipment under zero per cent under the Goods and Services Tax and effective implementation of crop insurance and irrigation projects. "Some commodity prices have gone below minimum selling price", he said.

He also called for buffer stocking of those commodities whose prices are trading below their minimum support price to control food inflation.

To avoid pilferage, it was suggested that subsidies of food and fertilisers should be offered through the DBT (Direct Benefit Transfer) mechanism as is done for others.

"We demanded that budget should provide for income tax exemption limit of Rs 5 lakh, Rs 18,000 minimum monthly wages and Rs 3,000 minimum monthly pension for retired workers", Hind Mazdoor Sabha General Secretary Harbhajan Singh Sidhu told reporters after the meeting.

FM holds pre-Budget meet with agri experts