Recent Government Moves on Import Duty on Wheat

March 4, 2017

In this article, we try to explain the significance of hiking import duties to safeguard the interest of Indian farmers in the light of the wheat prices falling due to high production and imports.  Import duty is basically a tax collected on imports and can be either fixed...

National Agriculture Market (NAM)

May 6, 2016

On April 14 2016, Prime Minister launched National Agriculture Market (NAM) as a pan-India electronic trading portal for farm produce which creates a unified national market for agricultural commodities by integrating the existing Agriculture Produce Market Committee (APMC) markets. This portal provides a single window service for...

Concept of Gross Value Added

March 11, 2016

In January 2015, the MOPSI had released the new series of national accounts, revising the base year from 2004-05 to 2011-12. With this, the GDP at Factor Cost has been replaced by Gross Value Added (GVA). With this change, GDP at market prices is now referred to in GDP in government accounts....

Modi Government and Agriculture

September 13, 2015

To rev up agriculture on a higher growth trajectory one needs to have a clear vision and undertake major initiatives. This can be a sign of true inclusive growth. The government initiative in favour of farmers is apparently lacking. Among the many mass slogans given and programmes...