In this article we will discuss about the changes in the terms of trade between agriculture and industry during the course of economic development. The growth process is generally initiated in the agricultural sector. In the initial stages, labour and capital are transferred from the agricultural sector to the industrial sector. Under these circumstances, most of the economists believe that [...]
In this article we will discuss about the extent of agricultural credit and measures to improve it. Extent of Agricultural Credit: The extent of agricultural credit through different agencies for short term, medium term and long term has been given in Table 1. It reveals from the table that credit requirements of agriculture sector have increased tremendously since green revolution. [...]
In this article we will discuss about Raj committee’s recommendation regarding additional taxation and agriculture. 1. Agricultural Holding Tax (AHT): The most significant and Nobel recommendation of the Raj Committee was the one pertaining to the Agricultural Holdings Tax. The Committee has found 2 basic defects in the present land revenue system; (i) The incidence of land revenue, relation to [...]