Published on 5/06/2019 9:50:09 AM | Source: HT Media

Narendra Modi to meet chief ministers on 15 June on agri economy

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NEW DELHI: Prime Minister Narendra Modi will discuss issues in the agriculture sector with chief ministers of states and Lt. governors of union territories on 15 June at a meeting of the Niti Aayog Governing Council.

The meeting on the farm sector assumes significance as it comes before the budget session of Parliament starting 17 June. This is the first meeting of the Niti Aayog Council after the National Democratic Alliance (NDA) returned to power last month.

Shortly after swearing in, the government had expanded the scope of the income support scheme for farmers--Pradhan Mantri Kisan Samman Nidhi--announced in the interim budget in February to include all the farmers without restrictions on land holdings.

Besides issues concerning the rural economy, states are likely to discuss their suggestions on union budget for FY20. States have been demanding more headroom for borrowing from the market for spending on various development projects. At present, they are allowed to borrow only upto 3% of gross state development product (GSDP). States also have in the past sought central assistance for reconstruction after natural disasters.

Recommendations on export and import of items relevant to local economy are also likely to figure in the discussions. Besides the Prime Minister, officials and ministers from the central government are also expected to attend the meeting.