·Finance minster reaffirms commitment to introduce GST along with DTC in April, 2011. 🙂


·A Nutrient Based Subsidy policy for the fertiliser sector has since been approved by the Government and will become effective from April 1, 2010.


·To extend the green revolution to the eastern region of the country & propose to provide Rs.400 crore for this initiative.


·Propose to organize 60,000 “pulses and oil seed villages” in rain-fed areas during 2010-11 and provide an integrated intervention for water harvesting, watershed management and soil health, to enhance the productivity of the dry land farming areas.


·Propose an allocation of Rs.200 crore for launching this climate resilient agriculture initiative.


·FCI has been hiring godowns from private parties for a guaranteed period of 5 years. This period is now being extended to 7 years.


·Targets set for agriculture credit flow has been raised to Rs.3,75,000 crore from Rs.3,25,000 crore in the current year.


·Propose to extend by six months the period for repayment of the loan amount by farmers from December 31, 2009 to June 30, 2010.


·Provided an additional one per cent interest subvention as an incentive to those farmers who repay their short term crop loans as per schedule.


·External Commercial Borrowings will henceforth be available for cold storage or cold room facility.


·Customs duty on silver raised to 1,500 rupees from 1,000 rupees per kg.

Stay Tuned for More updates :)


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