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Saturday, Oct 16, 2021
Outlook.com

Vidarbha Package: Too Little, Too Late

Vidarbha Package: Too Little, Too Late
Vidarbha Package: Too Little, Too Late
outlookindia.com
-0001-11-30T00:00:00+05:53
The Rs 3,750-crore package doesn't address some critical issues:
  • Interest on outstanding debt from banks has been waived. But the bigger problem of debts to private moneylenders has been ignored.
  • Problem of high input costs vis-a-vis Bt Cotton not looked into.
  • The Congress' pre-poll promise was to keep the minimum support price at Rs 2,400 per quintal. It has actually come down to Rs 1,700.
  • Import duty on cotton stands at 10% while sugar attracts 60%. This has led to huge cotton imports pushing the farmer out of the market.
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