Narendra Modi's ambitious plan
The European Union has questioned Prime Minister Narendra Modi's ambitious plan to double farmers' income by 2022, according to a report of Reuters.
"How will this be done, taking into account global market prices of produce and measures put in place to prevent excess production?" the EU asked.
This comes amid reports that the World Trade Organization is scrutinising India and the United States' massive farm-support plans. The WTO has strict rules about the size and nature of payments, and member governments keep a close watch for any competitors who might be cheating.
In 2016, the first Modi government had set a formidable target to double farmers' income by 2022.
The farm stress was a major issue in the run up to 2019 Lok Sabha elections which forced the earlier Modi government to announce PM-KISAN scheme under which it is offering Rs 6,000 to 14.5 crore farmers in a year.
However, the Modi government resisted from announcing farm loan waivers and instead focussed on reforms such as the Pradhan Mantri Fasal Bima Yojana.
By BOA Bureau