Par panel pulls up finmin for lower budget allocation for fisheries, animal husbandry
The Standing Committee on Agriculture, headed by P C Gaddigoudar, in a report noted that fisheries sector contributes 1 per cent to the GDP of the country and 5 per cent to the agriculture GDP.
The committee noted that the allocation proposed by the Department of Animal Husbandry and Dairying for the financial year 2020-21 was Rs 8,396 crore."However, the funds allocated by the Ministry of Finance are Rs 3,704.13 crore," it added.Advertisement
The report pointed out that during 2017-18 and 2018-19, the budgetary allocation was Rs 2,367.77 crore against the proposed amount of Rs 4,676.19 crore, and Rs 2,832.55 crore against a proposed amount of Rs 4,930.57 crore.
Similarly, during 2019-20, against a proposed amount of Rs 3,532.47 crore, the allocation at the BE (budget estimate) stage was reduced to Rs 3,342.65 crore, the report said.The Committee in a separate report also observed that there was huge reduction in the funds allocated to the Department of Fisheries at BE stage during 2017-18 to 2020-21 as against the funds proposed by the Department and this has adversely effected the various activities and target of the sector. BKS MRMR
(This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.)
- Chingari app will now pay composers to create and share music on its platform for its millions of new users
- Airtel deploys Nokia's open Cloud-based VoLTE network
- DRDO to set up research cell at IIT Hyderabad
- Rupee pares initial gains, settles 2 paise down at 74.68 against US dollar
- ShareChat's TikTok rival Moj crosses 5mn downloads on Google Play