Pre-Budget meet: Farm bodies seek higher agri R&D spending, subsidy reforms

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Pre-Budget meet: Farm bodies seek higher agri R&D spending, subsidy reforms - Business Standard

Quick Summary:

He pointed out that despite the economic returns on agricultural research being ten times higher than other investments, budget increases in the past two decades have lagged behind inflation rates.

However, some prominent farmers' groups, such as the left-oriented All India Kisan Sabha, criticised the meeting, saying that it was not represented by real farmers and important issues such as the legalisation of Minimum Support Price (MSP) were overlooked.

New Delhi: FM Nirmala Sitharaman and MoS Pankaj Chaudhary during a Pre-Budget Consultation meeting with representatives from Farmer Associations and Agriculture Economists ahead of the upcoming General Budget, in New Delhi.