News > In Economic Survey and Budget 2022, Agriculture is the Elephant in the Room

In Economic Survey and Budget 2022, Agriculture is the Elephant in the Room

M | 04/02/2022 12:19 PM | Click to read full article

Any reference to the use of electronic negotiable warehousing receipts (e-NWRs) for the formalisation of warehousing based agricultural trade is missing. Against the R.E. of Rs 1,53,558 crore for the current year, budget provision for the next year has been slashed to Rs.1,35,944 crore.

The allocation for the Department of Fertilisers has been reduced from Rs 1,49,663.28 crore to Rs.1,09242.23 crore. There is no reference to doubling of farm income, which was to be achieved by 2022-23.