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Union Budget 2018: A major relief for Punjab and its Farmers

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Nimrat Kaur
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Union Budget 2018: A major relief for Punjab and its Farmers
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In a significant announcement that will directly benefit the farm sector of Punjab Government, Finance Minister Arun Jaitley in Budget 2018 said the Centre will provide to the government of Delhi, Haryana and Punjab in order to curb air pollution by by subsidising the removal of crop residue. Modi led government's focus is on productive and gainful on-farm and non-farm employment for farmers and landless families, said Arun Jaitley laying focus on the farm sector in the initial part of his Budget Speech. Our emphasis is on generating higher income for farmers. We want to help farmers produce more and realise higher prices, Arun Jaitley added. In his speech, he mentioned that the agricultural produce of the nation has improved remarkably in the last year due to the hard work and tireless efforts of farmers in the country. BJP’s alliance partner Shiromani Akali Dal felt elated as Jaitley acknowledged that the food processing sector was growing at 8% per annum. Union Budget 2018: A major relief for Punjab and its Farmers Harsimrat Kaur Badal, Union minister for Food Processing took to social media site Twitter to thank Arun Jaitley for Doubling the Budget for Ministry Of Food Processing. He announced that the government will set up a fund of Rs 2,000 crore for developing agricultural markets and announced allocation of Rs 500 crore for ‘Operation green,’ which will promote processing facilities, professional management among other things. In order to ensure Minimum Support Price for crops equivalent to cost more than 50 per cent profit, the Narendra Modi led government announced that it will implement a key qualification of the MS Swaminathan Commission on Farmers. "The Minimum Support Price (MSP) of all crops shall increase to at least 1.5 times that of the production cost," Union Finance Minister Arun Jaitley today announced in his Budget Speech. Union Budget 2018: A major relief for Punjab and its Farmers While India is a 2.5 trillion economy and the government claims it is expected to become the 5th largest economy very soon, the recent Economic Survey. Jaitley also reiterated the government’s clarion call to double farmers’ income by 2022. Jaitlety also announced an allocation of Rs 22000 crore for infrastructure in agriculture, the launch of Operation Green to ensure agriculture growth and said agriculture exports have been liberalised in the country. The govt will set up state of the art facilities in 42 mega food parks, Jaitley said, adding that the Agriculture Ministry will reorient its schemes, and focus on promoting cluster-based approach to be adopted for agricultural production. The focus of the government has shifted from Ease of doing business and focus on ‘ease of living’ for the common people, says Jaitley. -PTC News-
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