Farm Household Income

The company's total expenses during the quarter under review also increased by 20.01 per cent to Rs 2,721 crore

High-net-worth individuals taking advantage of a legal loophole in Income Tax Act, according to the financial expert

The Centre's earlier declared aim of doubling farmer household income by 2022-23 would need additional public and private investment of Rs 6.4 lakh crore, at current prices.The figure has been estimated in an initial report of the official committee on the subject. Average income of a farmer household was estimated at Rs 96,703 in 2015-16; this is supposed to rise, by government effort, to Rs 219,724 by 2022-23.The initial report details seven main factors in this regard. Better crop and livestock productivity are among these, as are better prices in real terms received by farmers. The first four volumes of the 14-part report were made public on Monday.The targeted 127 per cent increase in income will lead to the share of farm income in total farmer household income rising from 60.2 per cent in 2015-16 to 69.2 per cent in 2022-23.At constant prices, the average income of a farmer household is targeted to be increased to Rs 156,154, from Rs 96,703. Income at current prices is ...