New Delhi: The Economic Survey 2018 reinstated the need to usher in direct income support in the farm sector instead of providing subsidies given the fact that the report finds that climate change may result in significant reduction of annual agricultural income.
The Survey had last year talked about the need to implement Universal Basic Income (UBI) but was quashed by policy makers stating the country is not yet ready for it.
“Minimizing susceptibility to climate change requires drastically extending irrigation via efficient drip and sprinkler technologies (realizing “more crop for every drop”), and replacing untargeted subsidies in power and fertilizer […]
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