: ‘Decline in budget for farm sector disappointing’ #FinanceIndia #StockMarketNEWS #Business Former PM Deve Gowda says an increase in allocation was expected New Delhi: Former Prime Minister

@StockMarketNEWS Wed 09 Feb, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

‘Decline in budget for farm sector disappointing’ #FinanceIndia #StockMarketNEWS #Business
Former PM Deve Gowda says an increase in allocation was expected

New Delhi: Former Prime Minister and JD(S) MP HD Deve Gowda on Monday said that decline in overall allocation in Budget has disappointed many who were expecting an increase in outlay for the agriculture sector.

Participating on the Motion of thanks on the President’s address in the Rajya Sabha, he said that there has been decline in budget allocation for the farm sector disappointing everyone. The allocation for agriculture in 2022-23 witnessed a decline of 3. 8% as compared to the last fiscal.

Today India’s economy is an agrarian economy that involves 50% of the workforce of the country and contributes 70% to the GDP, Deve Gowda said.

He also said that 82% of the farmers are marginal and small farmers with an average of 1. 08 hectare land holdings.

Noting that if the country has to progress economically, it will happen only through the agriculture sector by giving priority to this sector by the government.

Despite all odds like climate change, flood, drought and declining ground water level, Deve Gowda said that the farmers of the country produced 305 million of food gains and 320 million tons of fruits and vegetables in 2020-21 with an average growth of 2. 3%.

Speaking further, he demanded that the Goods and Service Taxes (GST) be removed from all the farm products and the processed food products. “The subsidy on the petroleum products have been reduced and this will affect the farmers income and reduce the

margin of profits for farmers,??? the JD(U) lawmaker said.

Samajwadi Party MP Sukhram Singh Yadav asked the government to have the caste census done soon as this will reveal the exact number of the castes in OBC category. He also said that Mulayam Singh Yadav, Akhilesh Yadav and even RJD leader Lalu Prasad Yadav have demanded for caste census but the government did not pay any heed to it.

BJP MP Jaiprakash Nishad said that Uttar Pradesh Chief Minister Yogi Adityanath provided medicines and other necessity commodities to the people of the state during the pandemic while the central government gave free ration to 82 crore of the poor of the country during pandemic period which will be continued till March 2022.

During the debate on the motion of thanks, YSR Congress MP V Vijayasai Reddy (YSRCP) raised issue of special category status for Andhra Pradesh. He said that ABJP government gave the Special category status to Uttarakhand but denied it to his state. “There cannot be one rule for BJP-ruled states and another for non-BJP rules states,??? he commented.

BJP lawmaker Vinay Sahasrabuddhe, while speaking in debate, said that this government has done a lot for the betterment of the poor in the country.