CII welcomes the Union Budget, say it sends a positive signal to all stakeholders
Union budget 2016 put emphasis macro-economic stability, boosting domestic demand and structural reforms The Dollar Business Bureau The Union Minister for Finance Arun Jaitley addressing a Post Budget Interactive Session with the representatives of Indian Trade and Industry Associations (FICCI, CII and ASOCHAM), in New Delhi on Wednesday Welcoming the Budget announcements, Sumit Mazumder, President, Confederation of Indian Industry (CII) stated, Budget 2016-17 is well-balanced and comprehensively addresses all aspects that industry was looking for, including revitalizing the rural economy, infrastructure build-up, relief for stressed assets, and simplification of taxes. Commenting on the budget 2016-17, at a post-budget interactive session with Union Finance Minister Arun Jaitley, the president of CII said, The Budget sends positive signals to all stakeholders, agriculture, industry, investors, ...
Minimum Support Prices for Kharif Crops for 2015-16 season get the nod
Source: PIB, Government of India The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Narendra Modi, has given its approval for the Minimum Support Prices (MSPs) for Kharif Crops of 2015-16 Season. The decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the Price Policy for Kharif Crops for the Marketing Season 2015-16. CACP takes into account the cost of production, overall demand-supply, domestic and international prices, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors, the likely effect of the Price Policy on the rest of economy, besides ensuring rational utilization of production resources like land and water, while recommending MSPs. The CACP being the expert body, its recommendations are generally ...
Govt schemes key for increasing agri productivity: Minister
The Dollar Business Bureau Despite a rain deficit of 12% in monsoon, the agricultural sector witnessed only an insignificant decrease in the overall production. And, there was only a 2% decrease in the sowing area, during the last year. Referring to the Centre’s efforts in ensuring in achieving the above numbers, the Union Agricultural Minister Radha Mohan Singh called upon the need for better understanding of governmental schemes like Soil Health Management System, ‘Pradhan Mantri Krishi Sinchai Yojana’, Unified National Agriculture Market and ‘Paramparagat Krishi Vikas Yojana’, for an increased agricultural productivity yield. The Minister was speaking at a National Conference on Agriculture for Kharif Campaign 2015, organised in National Agriculture Science Centre, Pusa, New Delhi, on Tuesday. Further ...
