Impact of Budget in Rural market

 Indian Budget 2019 is of 27.84 lakh crore rupees

 Soap market in India
 Cut in taxes for two wheelers and maybe for small cars
 Rural economy will help shares of tractor companies to go up as the
demand for tractor
 General Motors India support demand for 2wheelers and light
commercial vehicles
2019 2018
• Indian Budget 2019 is of 27.84 lakh • Budget 2018, where the expenditure
crore rupees figure was 24.42 lakh crore rupees.
• allocates Rs 19000 crore for rural • Allocated Rs 15000 crore a year ago
roads
• The Agriculture Export Policy, 2018
• The Government of India announced Rs 15,053 crore (US$ 2.25 billion) procurement
policy named ‘Pradhan Mantri Annadata Aay SanraksHan Abhiyan' (PM-AASHA)
• The Cabinet Committee on Economic Affairs (CCEA) approved a Rs 5,500 crore (US$
820.41 million) assistance package for the sugar industry
• GOI is going to provide Rs 2,000 crore for computerization of Primary Agricultural Credit
Society (PACS) to ensure cooperatives are benefitted through digital technology
• new AGRI-UDAAN program
• Pradhan Mantri Krishi Sinchai Yojana with an investment of Rs 50,000 crore aimed at
development of irrigation sources
• Triple the capacity of food processing sector in India from the current 10 per cent of
agriculture produce and has also committed Rs 6,000 crore
• The Government of India has allowed 100 per cent FDI in marketing of food products and
in food product e-commerce under the automatic route
Minimum Support Price for 2018-19
• Government announces minimum support prices (MSPs) for 22
mandated crops and fair and remunerative price (FRP) for sugarcane
• Fair and Remunerative Price payable by sugar mills
• The Government with a view to protect interest of farmers has also
decided that there shall not be any deduction in case of mills where
recovery is below 9.5%. Such farmers will get Rs. 261.25 per quintal
for sugarcane in place of Rs. 255/qtl in the current season.
• The FRP so approved shall be applicable for purchase of sugarcane
from the farmers in the sugar season 2018-19 (starting w.e.f. 1st
October, 2018) by the sugar mills