Govt likely to increase agri-research allocation by up to 15% in Budget 2018

Funds to be used on priority areas

by Natasha Nadkar

In the Union Budget of 2018-19, the government is likely to increase the budget allocation for the department of agricultural research and education (DARE) by up to 15 per cent to around Rs.80 billion, as per a report in Business Standard. There has been a minimum 10 per cent annual increase in the budget allocation for agri-education, research and extension purpose in last few years. The funds will be used on priority areas with an aim to address key farm sector issues and double farmers’ income through technology and innovation. The DARE is planning to focus on using technology and agri-innovations in 150 backward districts in 2018-19. The department will also initiate programmes on use of sensors in agriculture, build and transfer post-harvest technology, use of animal cloning for commercial application, genome editing in select crops and bio-fortification.

References
1. http://www.business-standard.com/budget/article/budget-2018-govt-likely-to-increase-agri-research-allocation-by-up-to-15-118011200503_1.html
CMIE STATISTICS
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Consumer Sentiments Index
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All listed Companies
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Non-financial Companies
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 Expenses 8.1 12.3 12.8 22.2
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 PAT margin (%) 6.2 6.4 6.6 20.1
 Net fixed assets 9.2 11.9
 Current assets 2.9 8.2
 Current liabilities 11.0 10.6
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Annual Financials of All Companies
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All Companies
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 Expenses 5.7 1.9 5.8 17.9
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Non-financial Companies
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 Net profit -8.5 20.4 21.4 11.9
 PAT margin (%) 2.0 2.5 3.0 13.4
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