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This budget is a declaration of war on agriculture and Indian farmers.
This year every economist agreed on putting money in the hands of rural India so as to start a virtuous cycle.
This thread on how FM not only disregarded them, she launched 3-prong attack on agri.
FCI subsidy(for procurement and NFSA):
2019-20: 1,51,000 cr
2020-21: 75,000 cr
PM Aasha(MSP procurement)
2019-20:1,500 cr
2020-21: 500 cr
MIS/Price Support
2019-20:3,000 cr
2020-21:2,000 cr
Effect: farmers wont get remunerative prices as procurement gets hit
Fertilizer subsidy:
2019-20:79,996 cr
2020-21: 71,309 cr
Effect: cost of production will go up, especially when fertilizer prices have seen a hike in global and international markets
2019-20:71,000 cr (expected expenditure in RE)
2020-21:61,500 cr
Effect: Likley budget to be 55k, as likely pending liability of 6-7k. Hits agri lab
White revolution
2019-20:2,240 cr
2020-21:1,863 cr
Effect: hurts milk economy, last option for farmers
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