To attract more private investments from the big FMCGs like ITC [E-Choupal] and doubling Farmers income by 2022.
Farm Bill: EXPLAINED! [ITC Ltd. initiative of E-Chaupal]
@dmuthuk @nsitharamanoffc @shyamsek @Capital_Artist @amey_candor @arpit971
(Blog & a Summarized
To attract more private investments from the big FMCGs like ITC [E-Choupal] and doubling Farmers income by 2022.
- This Act allows farmers to sell their crops to any trader not necessarily to APMC. Before farmers used to sell at APMC but now it can sell it to anyone.
- It will also promote barrier free inter-state & intra-state trade and commerce outside the physical premises of market notified under state APLM
- Procurement at MSP will continue. Farmers can even sell to the government.
- Mandi will not stop functioning
- E-NAM will continue.
- Mainly focuses on Contract Farming for eg. ITC E-Choupal . As per legislation, “There will be Price Assurance to farmers even before sowing of crops
- There will local dispute redressal mechanism for the solving the issue of farmer.
- It is the initiative taken by the ITC Ltd which is specifically designed to tackle the challenges posed by the unique features of Indian agriculture, characterized by fragmented farms, weak infrastructure and the involvement of numerous intermediaries, among others
1. ITC Choupal Primary Education and Vocational Training
2. ITC Choupal Women's Empowerment Programme
3. ITC Choupal Livestock Development
4. ITC Choupal Watershed Development Programme
5. ITC Choupal Social & Farm Forestry programme
- It is an amendment of the previous EC act with the Provision to remove commodities like cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities.
- The freedom to produce will lead to harnessing economies of scale and attract the private sector into agriculture.
The Farmer are trapped in a vicious cycle of Low risk taking ability>low investment>low productivity>weak market orientation>low margin>low risk taking ability cycle.
It has made the whole sector uncompetitive despite rich natural resources.
- Productivity of Farmers
In rural areas, agriculture employs 64% of the total workforce and contributes 39% of the total rural net domestic product. This shows over-dependence of the workforce on agriculture.
India has two main seasons Rabi and kharif which makes it possible to cultivate two crops a year on the same piece of land. with availability of new irrigation and new technology after the main kharif and after the main Rabi.
Doubling farmers income by 2022 implies that the major source of growth within agri sector are
- Improvement in productivity
- Resource use efficiency or saving in cost of production
- Increase in cropping intensity
- Diversification towards high value crops
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1/OK, data mystery time.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE
That's weird. Income inequality in China is legendary.
Let's check this number.
2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".
The report is available here:
3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.
The graph cites the World Development Indicators as its source for the income inequality data.
4/The World Development Indicators are available at the World Bank's website.
Here's the Gini index: https://t.co/MvylQzpX6A
It looks as if the latest estimate for China's Gini is 42.2.
That estimate is from 2012.
5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.
I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
