Livelihoods News

TEHRAN- Iran and India inked several cooperation agreements on economy, agriculture, and development in New Delhi and in the presence of Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi on Saturday, Iranian presidential website reported.

One of India’s leading agricultural companies has signed a memorandum of understanding (MoU) with a World Bank-funded government project to help provide important information to growers so they can become more competitive.

The MACP is led by the Maharashtra government and aims to increase productivity, profitability and market access for farmers in the west-central region.

Indian Space Research Organisation (ISRO) has established 473 Village Resource Centres (VRCs) in 22 states across the country. The centres, which have been established in association with selected NGOs, Trusts and state government departments on a pilot scale, will demonstrate the potential of satellite technology for development of rural areas.

Addressing the Lok Sabha on Thursday, 8 February, Union Minister Dr Jitendra Singh said in a written reply that around Rs 18 crores has been spent for establishing the 473 VRCs.

New Delhi, Feb 6 (PTI) Indias fiscal deficit is expected to come in at 3.5 per cent of GDP in financial year 2018-19, as policymakers seek to promote economic growth by reducing the pace of fiscal consolidation, says a report.

According to the report by BMI Research, a unit of Fitch Group, there is room for fiscal slippage as the government seeks to achieve its 7.5 per cent growth target.

India has imported 50.8 lakh tonnes of pulses for Rs 17,280 crore during April-December period of this fiscal, the government today said.

Pulses output increased sharply to an all-time high of 22.95 million tonnes in 2016-17 crop year (July-June) from 16.35 million tonnes in the previous year, as per the agriculture ministry data.

Government is launching 'Modicare', a flagship healthcare scheme to cover 10 cr poor families across the country, announces Finance Minister Arun Jaitley in his Budget speech in Parliament on Thursday. The scheme will also provide Rs 5 lakh per family per year.

The much-awaited Union Budget for FY19 focussed on the themes of rural development, improvement of the agricultural economy and promoting Make in India. Accordingly, allocations have risen for rural, agriculture, healthcare and education sectors.

To boost rural incomes, the government has also proposed fixing the minimum support price (MSP) for all summer (kharif) crops at a minimum of 1.5x the cost incurred by the farmer.

No doubt India has excelled in different walks of life and its spectacular development in information technology is next to none. The nation is fast developing to become an economic giant and is marching on the path of industrialization. It has opened its gates for foreign direct investment in multi-brand retail sector and also in sensitive sectors of print and electronic media. But still there is no marked improvement in the standard of living of the majority of its people.

Fund will be used to generate 321 cr person days of jobs, 3.17 lakh km of roads will be laid, 51 lakh houses and 1.88 cr toilets are to be built; MGNREGA has got highest-ever allocation of Rs 55,000 crore

The Union Government will spend Rs 14.34 lakh crore in rural areas in 2018-19 to generate employment of 321 crore person days and to develop infrastructure, Finance Minister Arun Jaitley said today.

The thrust of Union Budget 2018 is likely to remain on creating more jobs in India and boosting farmer's income this fiscal year, findings of the Economic Survey India suggested. The survey found that climate change is likely to increase the burden on already stressed agro economy, as it urged the government to take "radical follow-up action" to achieve its goal of doubling farmers' income by 2022.

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