Tuesday, 11 June 2019
Farm experts and agriculture organisations Tuesday suggested that in the 2019-20 budget, the government should focus on increasing farmers' income by promoting food processing and farm exports besides addressing certain taxation issue. They said that raising farm output alone cannot ensure better prices to farmers, there was a need to promote food processing and allied farm activities like animal husbandry, fishery and poultry.
They said public and private investment in the farm sector should be raised substantially. In the first pre-budget consultative committee meeting called by Finance Minister Nirmala Sitharaman, agri-experts sought goods and services tax (GST) relief on some farm items, especially on milk products to be reduced to 5 per cent and continuation of tax exemptions to agriculture cooperatives in the country.