Farm Incomes

Mishra said the government must compensate farmers by buying large quantities of the new-season rice harvest at higher prices

Budget has enabling proposals

Income varied between farming households disaggregated by size of land holding and between states.

Changes in the income-tax, likely good monsoon and the on-going above normal Rabi acreage along with higher MSPs are the key triggers analysts are betting on for the consumption revival

Until the 1950s taxes on output contributed more to government revenue than those on incomes of people and businesses. But since then the balance has gradually been reversed

Today's views focus on Modi's role as a reformer, what the automobile industry signals for the Indian economy and the risks of the government spending more, immediately, to combat the recession

He would also unveil a portal on organic farming and lay the foundation stone of 25 Krishi Vigyan Kendras

Senior officials said the government would be bold and quick to hike import duties on commodities whose prices had fallen by a big amount or push exports