Odisha farmers’ incomes grew more than seven times over a span of 13 years, the Naveen Patnaik government has claimed.The government, in its recently released draft Agriculture Policy 2019, says an average Odisha farmer earned around ₹7,731 per month, or around ₹92,772 per year.Draft policy“In 2002-03, his average monthly income was ₹1,062, which means that in the 13 years between 2002-03 and 2015-16, Odisha farmers’ incomes grew more than seven times or at a CAGR (compound annual growth rate) of 16.5% in nominal terms and 8.4% in real terms,” it states.The draft policy states that comparing the CAGR with other Indian States, Odisha’s growth rate emerges as the highest in the country during that period.“During the same period, average Indian farmer’s income grew from ₹2,115 to ₹8,931 which is at a CAGR of 11.7% in nominal and 3.7% in real terms. Odisha is fast catching up with other Indian States. Odisha’s farmer incomes grew much faster than even the rate at which its own agricultural GDP grew,” it says.According to the draft policy, between 2002-03 and 2015-16, Odisha’s agricultural GDP grew at a CAGR of 3.7% and its farmer incomes grew at more than double that rate at 8.4%.Odisha is largely a rural-agrarian economy. Close to 83% of its people live in rural areas and about 61.8% of its 17.5 million work-force is employed in agriculture. In the 16 years since the beginning of this century (2000-01 to 2016-17), Odisha’s agricultural GDP nearly doubled in real terms, clocking an average annual growth rate of about 4.5%, higher than the India average of 3.1%. The State accounts for 3% of India’s agricultural GDP.
Don’t miss out on the latest news and information. MOST READ “It’s very heartwarming because we’re getting a lot of volunteers among the PBA players,” Barrios said during the event launch Thursday at Bonifacio High Street. Do not bring these items in SEA Games venues BI on alert for illegally deployed OFWs to Iraq 8th Top Leaders Forum assessed the progress of public-private efforts in building climate and disaster resilient communities Brace for potentially devastating typhoon approaching PH – NDRRMC Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Typhoon Kammuri accelerates, gains strength en route to PH Asian shares slide on weak Japan data; US markets closed Padda, Lady Falcons relish pressure from school officials LATEST STORIES View comments Kammuri turning to super typhoon less likely but possible — Pagasa Read Next John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding SBP president Al Panlilio FILE PHOTOThe Fiba 3×3 World Cup just might be a teaser for the Philippine hosting of the 2023 World Cup, but Samahang Basketbol ng Pilipinas (SBP) expects to draw record crowds just the same for the event slated June 8 to 12.“We’re excited because there will be 40 teams from different countries coming over to the Philippines,” said SBP president Al Panlilio. “3×3 is basketball, but played differently. It’s equally exciting.”ADVERTISEMENT Games will be played at Philippine Arena in Bocaue, Bulacan—which has a seat capacity of 55,000—so SBP hopes to set a 3×3 crowd attendance record.The Philippines previously hosted the Fiba 3×3 World Tour events for club teams that saw packed audiences at SM Megamall in Ortigas and Robinsons Place Manila as PBA stars like Terrence Romeo and Calvin Abueva represented the country.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutout“One of the things we viewed as important was the success of the World Tours in the two malls in the previous years,” said Fiba managing director Alex Sanchez. “We would like to give the event a strong push for the Filipinos to see if they can develop a strong program to be in Tokyo 2020 (Olympics).”SBP executive director Sonny Barrios said aside from Romeo and Abueva, past 3×3 players like Troy Rosario, Mac Belo, Glenn Khobuntin, Karl Dehesa, Russel Escoto, Kiefer Ravena and Jeron Teng head the list of candidates.
By Latonya Linton, JIS Reporter Member of Parliament for North West St. Ann, Dr. Dayton Campbell, is recommending that adjustments be made to the Student Loan Bureau (SLB) to focus on areas of study that are critical to nation development.“I believe the SLB should first concern itself with making loans available to persons pursuing tertiary studies in areas…such as Mathematics, Pharmacy, Engineering, the Sciences,” he stated.Dr. Campbell was opening the debate on a private members motion on funding for tertiary education, on June 11 in the House of Representatives.He stated that new programmes should be assessed for relevance, in terms of whether they “respond to labour market needs, foster innovation or serve community aspirations, before approval”.Dr. Campbell said that while he is not suggesting that persons pursuing degrees that are “oversubscribed” or those with “a low employment potential” should be denied tertiary education, the SLB’s limited resources should be directed to those areas which are of strategic importance to the country, and at lower interest rates.These rates, he noted further, “should be inversely proportionate to the need of the area for national development thus the higher the need the lower the interest rate”.According to Dr. Campbell, the country is in need of Mathematics and Science teachers and in order to increase enrolment in these areas, students should get incentives to pursue these subjects at the tertiary level.“I want to take it a step further and propose that no income tax be collected for the first three years of employment for Mathematics and Science teachers, who needed state financing to complete their studies. This portion would instead go straight to the Bureau as a part of their repayment,” Dr. Campbell said.He also proposed the establishment of an income-contingency repayment plan, which would base the monthly loan repayments on the salaries of borrowers. He noted that such a loansystem addresses risk and uncertainty faced by individuals by providing insurance against inability to repay and improves progressiveness by providing a lower public subsidy for graduates that obtain higher private returns.Demand for student loans has increased over the last six years, moving from 6,600 persons in 2007 to 16,600 in 2012, and is projected to swell to over 20,000 persons for the upcoming academic year.The growth in demand, coupled with the annual increase in tuition costs, has significantly increased the pressure on the limited resources of the SLB to provide loans, which is estimated to reach $20 billion in the 2015/16 financial year.For the 2013/14 academic year, approximately $4.9 billion is required to fully cover the projected demand, which will be financed by the Education Tax and loan inflows from the Caribbean Development Bank (CDB).On March 19, the House of Representatives approved a Government guarantee of a US$20 million loan from the Caribbean Development Bank (CDB) to the SLB.