يحاول ذهب - حر
A Vision - Or A Dream
July 6, 2019
|Businessworld
Zero Budget Farming, more rural infrastructure and rural jobs are the FM’s magic mantras for obliterating agrarian distress. Will they work?
WHEN NIRMALA SITHARAMAN stepped into former Union Finance Minister Arun Jaitley’s big boots, she apparently chose to follow in his footsteps — at least in terms of strategies adopted for agriculture. Many experts on India’s agrarian economy are convinced that Sitharaman’s Budget was little more than an extension of the Interim Budget tabled in Parliament by Piyush Goyal, while Jaitley was convalescing after his surgery. The Interim Budget before the general elections seems to have served as a vision statement for the first Budget of the Bharatiya Janata Party(BJP)-led National Democratic Alliance (NDA) reinstated in government by an adulating electorate.
Sitharaman did leave her stamp though, with her focus on ‘Zero Budget Farming’, which is not too remote from organic farming, and her special emphasis on job creation in rural India. The emphasis on building rural infrastructure was a hand-me-down from the Interim Budget.
The BJP Election Manifesto too had highlighted rural infrastructure, pledging an annual investment of Rs 5 lakh crore for it. In her Budget speech, Sitharaman announced that the “Pradhan Mantri Gram Sadak Yojana Phase 3 envisages to upgrade 1.25 lakh km of road length at an estimated cost of Rs 80,250 crore.”
The enhanced allocation is not just for rural roads. Sitharaman has actually gone beyond the Interim Budget in her gross allocation for agriculture and rural development (please see chart). The most interest proposal was no doubt, the call to cultivators to return to the basics with Zero Budget Farming. The catchphrase ‘Zero Budget Farming’ was popularised by Subhash Palekar, a farmer from Vidarbha. Palekar has been awarded the Padma Shri for his path-breaking methods of cultivation in a region where farmers are perpetually in distress.
هذه القصة من طبعة July 6, 2019 من Businessworld.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Businessworld
BW Businessworld
A NOVEL THAT GLIDES THROUGH MANY REALMS
Journalist Nikhil Kumar strides into the arena of fiction with aplomb. His novel navigates continents and decades, capturing both the rarified world of architecture and the intimate spaces where relationships fracture
2 mins
December 13, 2025
BW Businessworld
"Huge Capacities Are Required"
DV Kapur on India's energy future, the need to balance coal and renewables, his eponymous foundation, and much more
2 mins
December 13, 2025
BW Businessworld
METAL, MUSIC & MOTORCYCLING
From the new Bullet 650 to the Flying Flea C6 and S6 electric scrambler concept, Motoverse 2025 brought together heritage motorcycles, next-gen EVs, riding culture and a vibrant global community
5 mins
December 13, 2025
BW Businessworld
Redefining Unalloyed Nationalism
In My Idea of Nation First, author UDAY MAHURKAR argues that India's future governance is inseparable from its understanding of the past,\" writes Srinath Sridharan
3 mins
December 13, 2025
BW Businessworld
"We have consistently delivered an annual ROI of approximately 40 per cent"
Dushyant Singh, a food & beverage entrepreneur, has over 15 years of experience in building F&B brands, including On The House, Rustic, and The Lama. BW Businessworld recently caught up with Singh to chat about his latest venture, Coffee Sutra, a favourite among coffee aficionados in Jaipur. Excerpts
4 mins
December 13, 2025
BW Businessworld
"The AI Race Won't Be Decided By Models & Tokens, But By Economics"
PHILIPP HERZIG, Chief Technology Officer at SAP, discusses the changing mandates of tech leadership, the next phase of AI adoption, SAP's rapid progress with Joule and RPT1, and why India is core to SAP's future, in an interaction with BW Businessworld's Rohit Chintapali. Excerpts
4 mins
December 13, 2025
BW Businessworld
“The genie is not going back in the bottle”
Al will reshape commerce faster than any previous industrial shift, and businesses must now design for scale, trust and permanence rather than novelty, says DIARMUID GILL, Chief Technology Officer, Criteo, in this conversation with Noor Fathima Warsia
2 mins
December 13, 2025
BW Businessworld
PREMIUM PUSH
With Aston Martin watches and 200 new exclusive stores, Timex India sharpens its premium ambitions and long-term growth play
4 mins
December 13, 2025
BW Businessworld
Carrot & Stick Game
Unlisted shares are typically valued based on demand–supply dynamics, rather than on core fundamentals, as detailed financial information is usually limited
3 mins
December 13, 2025
BW Businessworld
STEADY ASCENT
In a fiercely competitive market, can home appliances and durable company Kenstar's calibrated expansion across categories and towns unlock its Rs 3,000-crore revenue ambition?
6 mins
December 13, 2025
Translate
Change font size
