Budget 2016: President Pranab Mukherjee's speech hints at focus on farm sector


New Delhi: President Pranab Mukherjee's address to the Parliament focussed on the BJP government's efforts to eradicate poverty , revive the farm sector, create infrastructure in rural areas, housing for all and job growth. 

In a speech lasting over an hour, the President devoted a large chunk of time to the farm and rural sector, indicating that the general Budget to be presented by Finance Minister Arun Jaitley s likely to focus on these two crucial segments. 

Mukherjee said the guiding principles of the government were "garibon ki unnati, kisaano ki samriddhi" (poverty eradication, farmers' prosperity) and "yuvaon ko roz gar (job creation for youth)".

The President's speech outlined that the BJP govenment's focus is on "Sabka Vikas, beyond just advancement that dominates headlines", hinting that the Budget is expected to focus on financial inclusion and social security. 

The address skipped reference to big economic reforms or key reform legislations hinting at a significant shift in the Centre's thinking which is likely to reflect in the Budget.

The President also reminded MPs, "India is a haven of stability in an increasingly turbulent global economy. GDP growth has increased making India world's fastest growing economy among large economies." The raging debate on nationalism also found an echo. Urging lawmakers to embrace the ideals of Netaji Subhas Chandra Bose, he quoted him: "Nationalism is inspired by the highest ideals of the human race: Satyam, Shivam Sundaram." 

Newsletter

Price of goats has gone up due to lack of supply in Kannivadi goat market

As farmers are not keen to sell the goats at the Kannivadi goat market, the arrival of goats has come down for the last...

Tomato prices fall sharply in Udumalpet - produce indiscriminately thrown on the road

Tomato prices were sold at Rs 200 per kg a few months ago. Now that the price of tomatoes has fallen drastically due to...

Tomatoes sold at Rs 6 per kg in Palladam - Farmers put veil on their heads and express anguish

Farmers in Tirupur district are suffering as tomatoes were procured at just Rs 6 per kg at the Palladam uzhavar santhai....

TNAU's Dept. of Plant Pathology hosts one-day training on 'Spawn Production and Mushroom Cultivation' in Coimbatore

Over a 100 beneficiaries from Kongunadu Arts and Science College in Coimbatore participated in the training which was pr...

Coimbatore TNAU observes Parthenium Awareness Week

Dr.M.K.Kalarani, Director (Crop Management), TNAU, Coimbatore has inaugurated the Parthenium awareness campaign at TNAU...

TNAU conducts Training on Preparation of instant Foods

Two days training on “Preparation of instant Foods” will be held at Centre for Post Harvest Technology, Agricultural...