Government is working on a new agriculture insurance scheme to ensure farmers are not left at the mercy of rains, Finance Minister Arun Jaitley said today, even as he hoped “We need higher growth on one hand and we need to flag the concerns of the economy in those sections where the benefits of that growth process must reach first rain gods will be kinder this year” and help check the prices of pulses and other food products.
He also expressed confidence that the economy was moving on an accelerated growth trajectory, while higher tax revenues, improving macroeconomic fundamentals and ongoing reforms make 8-10 per cent growth “eminently achievable”.
Monsoon was above normal in June with 25 per cent excess rainfall despite a late arrival as well as a drought-like prediction and the rest of the monsoon may also be good, he said.
“I hope their estimates turn out to be true and it appears that the rain gods may be kinder this year to us. The farm department has informed me that with better rainfalls in most parts of the country, even for pulses, which at the moment are a cause of concern, productivity is likely to be much higher this year.
Speaking at the Nabard Foundation Day function here, Jaitley said the “silver lining” is that revenue collection situation is expected to be more comfortable than last year.
He said with the ongoing reform process, proposed GST, increased infrastructure investment and emphasis on smart cities, 8-10 per cent GDP growth is very much “in the sight”.
Allaying fears of any poor monsoon-driven troubles for the farmers and the consumers, Jaitley said the government has taken a number of initiatives, including the recently announced Rs 50,000 crore programme for a national irrigation.
Promising more sustainable measures for the farm sector so that the farmers are not left to the mercy of rain gods, Jaitley said “hopefully, in the near future, a viable and vibrant insurance scheme will be in place for farmer
The trailer of South Cinema's much-awaited film Thug Life has been released. 70-year-old Kamal Ha
Both need a victory to stay in the tournament, Rajasthan sixth and Hyderabad at number 7
The 40th match of the 13th season of IPL will be played between Rajasthan Royals (RR) and Sunrise
The third wave of the corona epidemic in Maharashtra may come in December. This is to say of the
Adani Group needs Rs 14000 crore, and asked for loan from SBI, this is the complete plan
The Gautam Adani Group needs Rs 14,000 crore to build a new plant at Mundra in Gujarat. The group
Veteran Maharashtra leader Sharad Pawar met the Prime Minister in Delhi on Wednesday along with t
Petrol Diesel Price: Oil companies have released the prices of petrol and diesel for today. Today
After 22 years, Sunny Deol has once again returned to the big screen as 'Tara Singh'. His movie '
This comedian called Salman Khan's show Bigg Boss a madhouse. Saying this he rejected a big offer.
Wherever there is controversy, it takes no time for the makers of Bigg Boss to reach there. The f
For today only, this OnePlus phone has a direct discount of 15 thousand rupees.
OnePlus 9 5G On Amazon: In top brand phones, after iPhone and Samsung, OnePlus phones are conside
A horrific case of alleged gang rape has come to light with a minor girl in Kondagaon district of
