29/05/2021 - Agriculture

kindly review and provide suggestions sir/mam

KEY POINTS

·        India’s growth forecasts are now 1-2 percentage points lower owing to the second wave of coronavirus.

·        Vaccine shortage means the post-lockdown reopening will plant seeds of another round of infections; dampened, uncertain prospects of mass rapid vaccination.

·        Qualitative and quantitative distinctions include the virus’ lethality and spread, severe human and economic scarring, fear-persistence as a result and from he anticipated third wave with magnification.

·        MSMEs are affected by shutdowns hurting sales and raw material procurements, through supply chain linkages, and inability to withstand prolonged pressures.

·        A stretching pandemic of unknown duration and spread means worsening employment-income situation for the susceptible population segments.

·        The government also neglected sharing its views nor revise fiscal rules (the FRBM Act) or present a detailed medium-term fiscal adjustment plan since the budget presentation.

·        It is time for the government to think along structural lines, and start preparing fiscal space for this emergency of unknown magnitude and longevity.

·        The reforms to agriculture marketing and institutional structures, accounting transparency by bringing subsidy arrears (food, fertilisers) on the balance sheet, raising LPG prices, have all been commendable efforts in this direction.

·        This must aim to reduce subsidies over the medium-term, starting now howsoever modestly in order to display commitment and restore credibility. 

Please review sir. Thank you

Kindly review 

Pls review