Article 112 Farmersand

Budget 2017-18- Shubham Agrawal

Article 112- Shubham Agrawal

Article 112 in The Constitution Of India 1949• Annual financial statement• The President shall in respect of every financial year

present before both the Houses of Parliament a statement of the estimated receipts and expenditure of the Government of India for that year.•  The estimates of expenditure embodied in the annual

financial statement shall show separately•  the sums required to meet expenditure •  the sums required to meet other expenditure proposed to be made

from the Consolidated Fund of India, and shall distinguish expenditure on revenue account from other expenditure

- Shubham Agrawal

• The following expenditure shall be expenditure charged on the Consolidated Fund of India• the emoluments and allowances of the President and other

expenditure relating to his office.•  the salaries and allowances of the Chairman and the

Deputy Chairman of the Council of States and the Speaker and the Deputy Speaker of the House of the People.

• debt charges for which the Government of India is liable including interest, sinking fund charges and redemption charges, and other expenditure relating to the raising of loans and the service and redemption of debt.

- Shubham Agrawal

• the salaries, allowances and pensions payable to or in respect of Judges of the Supreme Court,• the pensions payable to or in respect of Judges of the

Federal Court,• the pensions payable to or in respect of Judges of any High

Court• the salary, allowances and pension payable to or in respect

of the Comptroller and Auditor General of India;•  any sums required to satisfy any judgment, decree or

award of any court or arbitral tribunal;•  any other expenditure declared by this Constitution or by

Parliament by law to be so charged

- Shubham Agrawal

- Shubham Agrawal

Budget 2017-18Farmers

- Shubham Agrawal

- Shubham Agrawal

• Agriculture is expected to grow at 4.1% in the current year .• last year’s Budget it focused on• income security of farmers to double their income in 5

years &• enable the farmers to increase their production and

productivity; and to deal with post-harvest challenges.

- Shubham Agrawal

• Sowing farmers should feel secure against natural calamities.• A sum of Rs. 10 lakh crore is allocated as credit to

farmers, with 60 days interest waiver.

• The Fasal Bima Yojana launched by our Government is a major step in this direction. The coverage of this scheme will be increased 40% in 2017-18 and 50% in 2018-19. The Budget provision to settle the arrear claims 9,000 crores are provided

- Shubham Agrawal

- Shubham Agrawal

• NABARD fund will be increased to Rs. 40,000 crore. • Government will set up mini labs in Krishi Vigyan

Kendras for soil testing.• Irrigation corpus increased from Rs 20,000 crore to Rs

40,000 crore.• A dedicated micro irrigation fund will be set up for

NABARD with Rs 5,000 crore initial corpus.

- Shubham Agrawal

• Issuance of soil cards has gained momentum.• A model law on contract farming will be prepared and

shared with the States.• A Dairy Processing and Infrastructure Development

Fund would be set up in NABARD with a corpus of ` 8,000 crores over 3 years. Initially, the Fund will start with a corpus of ` 2,000 crores.

- Shubham Agrawal

- Shubham Agrawal

Conclusion…• the Budget proposals under our overarching agenda:

“Transform, Energise and Clean India”. Our emphasis will now be on implementing all these proposals for the benefit of the farmers, the poor and the underprivileged sections of our society. • Overall this budget appears to have been used as a

mechanism for controlling the damage done to the economy and sentiments due to demonetization. It has missed out on an opportunity to efficiently allocate the money deposited through 26 crore Jan Dhan Accounts during the Demonetization drive. The focus on agricultural and rural development appear to have been planned with the forthcoming state elections in view. It is unlikely that this budget will be able to improve the GDP or help create jobs.”

- Shubham Agrawal

Thankyou

- Shubham Agrawal