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Agriculture Budget 2022: From Rs 2.73 lakh crore MSP payments to promoting chemical farming, know what this budget has in store for farmers

Agriculture Budget 2022: In the budget speech, Nirmala Sitharaman announced the Minimum Support Price and also gave a heads up to promote chemical farming. Finance Minister announced a number of things for farmers and for the agriculture sector.

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Education Budget 2022

Finance Minister Nirmala Sitharaman presented the Union Budget 2022 today on Tuesday, February 1. The main highlight of this year’s budget was the agriculture sector. In the budget speech, Nirmala Sitharaman announced the Minimum Support Price and also gave a heads up to promote chemical farming. Finance Minister announced a number of things for farmers and for the agriculture sector.

Here are the highlights of what this year’s budget has in store for farmers:

Minimum Support Price

Finance Minister Nirmala Sitharaman said that Rs 2.73 lakh crore direct payments to farmers against procurement of wheat and paddy crops will be made in the form of MSPs.

Chemical Farming

Finance Minister Sitharaman said that chemical farming will be promoted beginning with 5 km wide corridors along the river Ganga.

Kisan Drones

Sitharaman in the announcement said that the use of Kisan drones for crop assessments, land records, spraying of insecticides is expected to drive a wave of technology in the agriculture and farming sector.

Ken Betwa Linking project

Implementation of Ken Betwa Linking project at est. cost of Rs. 44,605 Cr. to be taken up with irrigation benefits to 9.0 lakh hectare farmland, drinking water to 62 lakh people, 103 MW hydropower. 27 MW solar power generation, said Finance Minister.

Digital services for farmers

Nirmala Sitharaman said that the fund to be facilitated through NABARD to finance start-ups for agriculture and rural enterprise, relevant for farm produce value chain start-ups will support FPOs, provide tech to farmers.

Read Also: Budget 2022: When and where to watch live speech of Finance Minister Nirmala Sitharaman

MSMEs to be introduced

Nirmala Sitharaman said that for farmers to adopt natural farming, a comprehensive package for the participation of state governments and MSMEs to be introduced.

To catch the latest updates on budget, check our LIVE blog for Budget 2022.

https://www.youtube.com/watch?v=B_fEBlPhdus

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PM Modi announces projects worth over Rs 14,000 crore in Gujarat

Prime Minister Narendra Modi outlined development projects worth more than Rs 14,000 crore in Gujarat’s Banaskantha district. The initiatives include metro extensions, road infrastructure, railway services, Bio-CNG plants and agricultural facilities.

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PM Narendra Modi

Prime Minister Narendra Modi on Friday announced development projects worth more than Rs 14,000 crore during his two-day visit to Gujarat, highlighting initiatives spanning infrastructure, agriculture, animal husbandry and rural development.

Beginning his visit with a roadshow in Banaskantha district, the Prime Minister addressed a public gathering in the presence of Gujarat Chief Minister Bhupendra Patel and Deputy Chief Minister Harsh Sanghavi.

During his address, PM Modi reflected on his journey from serving the people of Gujarat to leading the country. He credited the people for shaping his political journey and said his priorities had always remained public service and national development.

“I only knew two things – from serving the people to serving the nation, and from the development of Gujarat to the development of the country. The rest, how to do it and how to move forward, you have taught me,” he said.

The Prime Minister also reiterated his commitment to public service, saying he would continue working for the people until his last breath.

Major development projects announced in Gujarat

The development programme includes several initiatives across Banaskantha and other parts of Gujarat, covering transportation, agriculture, animal husbandry and rural infrastructure.

Among the key projects is the Bharat Bovine Breeding and Research Centre (BBBRC) at Bhildi in Banaskantha. Spread across 127 acres, the facility has been developed as a Centre of Excellence for bovine breeding, genetic improvement and advanced reproductive technologies.

The programme also includes the foundation stone laying for two Bio-CNG plants belonging to Banas Dairy at Tharad and Radhanpur. These facilities will process cattle dung at capacities of 75 metric tonnes and 100 metric tonnes per day, respectively.

Other major initiatives include the expansion of Ahmedabad Metro, improvements to road connectivity and the introduction of two railway services.

Ahmedabad Metro expansion and road infrastructure

The infrastructure programme includes the foundation stone laying for Ahmedabad Metro Phase-2A and Phase-2B.

Phase-2A will extend metro connectivity towards the airport, while Phase-2B will connect GIFT City.

Another major project involves widening the Ahmedabad-Mehsana Road, also known as State Highway-41, from four lanes to eight lanes. The project has an estimated cost of Rs 2,600 crore.

Two railway services will also be flagged off as part of the programme. These are the Ahmedabad (Sabarmati)-Varanasi Express and the Mehsana-Becharaji-Sabarmati MEMU service.

The initiatives are aimed at strengthening transportation infrastructure and connectivity across the state.

4,030 new Anganwadi centres and agricultural projects

The programme also places emphasis on child welfare and agricultural infrastructure.

The Prime Minister will lay the foundation stone for 4,030 new child-friendly Anganwadi centres in Gujarat. Additionally, 361 completed centres will be inaugurated.

The Agriculture Infrastructure Fund will also see the dedication of 521 completed projects to the nation. These projects include cold storage facilities, warehouses, processing facilities, greenhouses and other agricultural infrastructure.

The initiatives are intended to strengthen facilities supporting agricultural production, storage and processing.

PM Modi releases 24th PM-KISAN instalment

Farmers’ welfare was another major focus of the Prime Minister’s address.

During the Gujarat visit, PM Modi released the 24th instalment of the PM-KISAN Samman Nidhi scheme, amounting to approximately Rs 19,000 crore for eligible farmers across the country.

He highlighted the government’s financial assistance to small farmers, who account for more than 85 per cent of India’s farming community.

The Prime Minister also referred to the Soil Health Card scheme, stating that more than 26 crore cards had been provided to farmers.

He emphasised the importance of integrating agriculture and animal husbandry with science and technology to improve farmers’ incomes and strengthen rural economies.

PM Modi’s Gujarat visit to continue on October 31

Following the Banaskantha programme, the Prime Minister is scheduled to travel to Ekta Nagar in Kevadia.

His programme includes inaugurating Bharat Parv 2026, witnessing the Ekta Prakash Parv and attending the Narmada Aarti.

On October 31, PM Modi will pay floral tributes at the Statue of Unity and participate in Rashtriya Ekta Diwas celebrations marking the 151st birth anniversary of Sardar Vallabhbhai Patel.

The celebrations will feature the Ekta Parade, involving the Central Armed Police Forces, state police forces and Central Police Organisations.

A theatrical presentation titled “Naxal Mukt Bharat”, organised by the National School of Drama, will involve approximately 2,000 artists from 126 districts affected by Left-Wing Extremism.

A separate cultural presentation involving around 5,000 artists from across the country will showcase India’s classical and folk traditions.

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Delhi AQI drops to 78 after record October rain brings winter chill

Delhi’s Air Quality Index (AQI) improved from 363 to 78 within 24 hours after widespread rainfall brought cooler temperatures to the national capital. The city also recorded its wettest October day in four years.

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Delhi weather today

Delhi witnessed a dramatic improvement in air quality on Friday after overnight rainfall brought down pollution levels and temperatures across the national capital. The Air Quality Index (AQI) dropped from 363 on Thursday morning to 78 on Friday morning, moving from the severe category to the satisfactory category within 24 hours, according to data provided by AQI.in.

The widespread rainfall also brought an early winter-like chill to Delhi, offering relief from the relatively warmer conditions experienced earlier in the week.

The downpour was significant enough to make Friday the wettest October day in Delhi in four years. According to India Meteorological Department (IMD) data, the Safdarjung weather station recorded 61.4 mm of rainfall in the 24-hour period ending Friday morning.

What caused the sudden rainfall in Delhi?

According to the IMD, the unusual weather conditions resulted from the interaction of multiple weather systems.

A western disturbance positioned over the Western Himalayas combined with an induced cyclonic circulation over South Punjab. Meanwhile, winds originating from the Bay of Bengal, influenced by the remnants of Cyclone Arnab, also reached Delhi.

These weather systems converged over Delhi-NCR and neighbouring regions, resulting in widespread and unseasonal rainfall.

Mahesh Palawat, Vice President of Meteorology and Climate Change at Skymet Weather Services, explained that the interaction between the western disturbance, cyclonic circulation and winds from the Bay of Bengal contributed to the rainfall across northwest India, including Delhi, Punjab, Haryana and East Rajasthan.

He noted that such rainfall is unusual for this time of the year, as winter rainfall in northwest India generally occurs under the influence of western disturbances during November and December.

Delhi temperatures drop after overnight rain

The rainfall also resulted in a significant decline in temperatures across the national capital.

Maximum temperatures fell by 4 to 6 degrees Celsius over a 24-hour period, remaining considerably below seasonal averages.

Delhi’s Safdarjung weather station recorded a maximum temperature of 25.4 degrees Celsius, which was 5.6 degrees below normal. It was also the lowest maximum temperature recorded for an October day in four years.

Minimum temperatures across Delhi remained between 15 degrees Celsius and 18 degrees Celsius.

Safdarjung recorded a minimum temperature of 17.2 degrees Celsius, around 1.1 degrees above normal. Meanwhile, Palam registered 15.4 degrees Celsius and the Ridge recorded 16.8 degrees Celsius.

The IMD forecast that maximum temperatures would remain between 24 and 26 degrees Celsius on October 30 before gradually rising towards normal levels over the following days.

Will Delhi’s air quality deteriorate again?

Despite the significant improvement, the relief from pollution may not last long.

Mahesh Palawat said widespread rainfall had helped bring down pollutants and improve air quality across the region. However, he cautioned that pollution levels could increase again once the skies clear and temperatures rise.

According to him, air quality could return to the poor category after a day or two as weather conditions change. He also indicated that pollution could deteriorate further during the second week of November as Diwali approaches.

The improvement in AQI, therefore, offers temporary relief rather than a permanent solution to Delhi’s pollution problem.

IMD’s weather forecast for Delhi and other states

According to the IMD, weather conditions across Delhi-NCR are expected to gradually become drier.

The national capital is likely to experience partly cloudy skies on October 31 and November 1, followed by clearer conditions. Daytime temperatures are expected to return to the 28 to 31 degrees Celsius range.

Meanwhile, several other parts of the country are likely to experience rainfall during the coming week.

In South Peninsular India, a low-pressure system over the South Andaman Sea is expected to develop into a depression over the Bay of Bengal. This could bring isolated very heavy rainfall to Coastal Andhra Pradesh and Yanam on November 2 and 3, along with widespread showers across Karnataka, Kerala and Tamil Nadu.

In Central India, Chhattisgarh is expected to receive fairly widespread rainfall, with isolated heavy showers accompanied by thunderstorms on November 2.

Parts of Bihar, Jharkhand, Odisha and Arunachal Pradesh are also likely to receive scattered light to moderate rainfall during early November.

As Delhi moves towards clearer weather conditions, the improvement in air quality will depend partly on how atmospheric conditions evolve after the recent spell of rain.

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Nirmala Sitharaman hits back at Rahul Gandhi over IDBI Bank sale

Finance Minister Nirmala Sitharaman has responded to Rahul Gandhi’s opposition to the proposed IDBI Bank sale, alleging that loans to politically connected businesses left the lender in poor financial condition before the NDA government took charge.

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Finance Minister Nirmala Sitharaman on Friday responded to Congress leader Rahul Gandhi’s criticism of the proposed IDBI Bank sale, saying the lender was handed over to the Narendra Modi-led government in poor financial condition. She accused successive Congress governments of exerting political pressure on banks to extend loans to businesses with links to influential political figures.

The exchange comes a day after Rahul Gandhi opposed the government’s decision to sell IDBI Bank to Canadian company Fairfax. The Congress leader questioned why a bank that had returned to profitability was being sold and raised concerns about the future of its employees, reservation policies and the government’s reduced ownership.

In a post on X, Sitharaman alleged that IDBI Bank had been compelled to extend loans to several large business groups with connections to Congress leaders. She named Videocon, Winsome, ABG Shipyard and Kingfisher, saying the loans subsequently turned into bad debts and caused substantial losses to the bank.

Defending the NDA government’s handling of the lender, the Finance Minister said it had been revived through professional management, prudent lending practices and recapitalisation of more than Rs 25,000 crore.

“IDBI Bank is now poised for its next phase of growth,” she said, adding that all due procedures had been followed in the bank’s strategic restructuring.

Sitharaman cites instances of alleged political interference in banking

The Finance Minister also accused the Congress of treating public sector banks and financial institutions as personal entities, alleging that political influence had been used to bypass established lending practices.

To support her argument, Sitharaman referred to several incidents from different periods of Congress rule.

She cited the 1957 Haridas Mundhra episode, alleging that LIC funds were extended to him under the influence of Congress leaders.

She also referred to the removal of State Bank of India chairman R.K. Talwar in 1976 during Indira Gandhi’s government. According to Sitharaman, Talwar was removed after resisting political pressure to relax lending conditions for a company associated with Sanjay Gandhi’s circle.

The Finance Minister further alleged that Sanjay Gandhi had pressured the Central Bank of India over loans to Maruti.

She also named former Minister of State for Finance B. Janardhana Poojary, alleging that he pressured bank employees to issue loans during the 1980s.

Another instance she mentioned involved former UPA minister Pawan Kumar Bansal, whom she accused of pressuring Canara Bank to extend loans to businesses linked to his family.

Taking a swipe at the Congress, Sitharaman said the practice of influential people using political connections to obtain bank loans was over. She maintained that ordinary citizens now had easier access to credit and bank employees were no longer under pressure to approve loans through political recommendations.

Why Rahul Gandhi is opposing the IDBI Bank sale

Rahul Gandhi had criticised the government’s decision to sell IDBI Bank in a post on X on Thursday, arguing that the institution was established during Congress rule to support India’s industrial development.

He questioned the government’s approach to public sector banking, contrasting the establishment of banks during Congress rule with their proposed sale under the Modi government.

Gandhi also shared a letter addressed to IDBI Bank employees, expressing support for their concerns over the transaction.

Recalling his meeting with a group of bank employees at Parliament House in March last year, the Congress leader said they had questioned why the government wanted to sell a lender that they had helped turn profitable.

He credited the employees for the bank’s financial recovery and questioned the rationale behind its proposed sale.

Gandhi also raised concerns about the government’s commitment to maintaining its ownership in IDBI Bank.

He said Parliament had been assured in 2003 that the government would retain at least 51 per cent ownership in the bank. While acknowledging that the commitment was not written into law, he described it as a promise made to Parliament and the people.

The Congress leader further questioned the implications of private ownership for reservations for Scheduled Castes, Scheduled Tribes and Other Backward Classes, along with the service conditions of bank employees.

He argued that public sector banks should remain instruments of nation-building rather than being treated as assets for sale.

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