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Ujjwal Gotami 6 years ago
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Ujjwal Gotami 6 years ago
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Shivendra Singhroul 6 years ago
Posted by Vikas Sharma 6 years ago
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Gaurav Seth 6 years ago
Subsidy in agriculture means providing some important inputs to farmers at a concessional rate that is much lower than its market rate. During 1960s, in order to adopt new technology, HYV seeds and use of modern fertilisers and insecticides, farmers were provided inputs at a subsidised rate. The following arguments are given to prove the j usefulness of subsidies :
(i) It was necessary to use subsidies to provide
an incentive for adoption of the new HYV technology by farmers, especially the small farmers.
(ii) Any new technology is considered as being risky by farmers. Subsidies were, therefore needed to encourage farmers to adopt the new technology initially
(iii) Farming in India is stilt a risky business and subsidies provide hedging agianst the risk of climatic conditions.
(iv) Most farmers are very poor and they will not be able to afford the required inputs without subsidies.
(v) Subsidies bring about equity between rich and poor farmers by enabling the poor farmers to use modern technology and inputs.
On the other hand, some economists believe that once subsidies should be phased out since their purpose has been served and the technology is now widely adopted due to its profitability. They argue that there is no case for continuing with subsidies as it does not benefit the target group and it is a huge burden on the governmente finances.
They give the following arguments against subsidies in agriculture.
(i) Subsidies are benefitting the fertiliser industry more than farmers and it is not making any efforts towards increasing its efficiency as it is protected from market competition by subsidies.
(ii) Subsidies are mainly being availed by big farmers in affluent regions, who do not actually need them.
Hence, based on the above arguments, we can conclude that although subsidies are very useful and necessary for poor farmers and to overcome uncertainities associated with farming, it may lead
to wastage of resources and thus, put an excessive burden on the scarce government finances. Thus, suitable reforms need to be undertaken in order to ensure allocation of subsidies in a targeted manner only to the needy farmers.
Posted by Nandini Vyas 6 years ago
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Posted by Rajput Saumya 6 years ago
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Posted by Chandra Prakash Singh 6 years ago
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Rushita ....... 6 years ago
Yogita Ingle 6 years ago
Agriculture called the backbone of indian economy because most of part of the india is related from village and villagers directly depend upon the farming. Approx 75% of india population depend on farming.
Posted by Chintoo Sharma 6 years ago
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Gaurav Seth 6 years ago
| Domestic income is the sum total of factor incomes generated within the domestic territory of a country no matter who generates this income either residents or non-residents. | Factor income is the sum total of factor incomes generated by residents of a country, no matter where this income is generated either with in the domestic territory or in rest of the world. |
| It does not include net factor income from abroad. | It includes net factor income from abroad. |
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Rushita ....... 6 years ago
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Rajan Kumar 6 years ago
Gaurav Seth 6 years ago
Poverty is the inability to fulfill the minimum requirement of life like food, clothing, housing education and health facilities etc.
Relative poverty refers to poverty of people in comparison to other people in different region or nations.
Absolute poverty refers to total number of people living below the poverty line.
Posted by Amit Pandey 6 years ago
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Gaurav Seth 6 years ago
Strategies for Sustainable Development.
(i) Use of non-conventional sources of energy.
(ii) Use of cleaner fuels: LPG, Gobargas in rural areas and CNG in Urban areas.
(iii) Use of Solar energy and wind power.
(iv) Shift to organic farming.
(v) Recycle the wastes
(vi) Public means of transport.
(vii) Traditional knowledge and practices.
(viii) Establishment of Mini-Hydel plants.
(ix) Biopest Control
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Vivek Dutt?? 6 years ago
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Vivek Dutt?? 6 years ago
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Niya Sharma 6 years ago
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