Nation Current Affairs 02 Mar 2016 Rubber Board hit by ...

Rubber Board hit by allocation cut

DECCAN CHRONICLE. | ABHISH K BOSE
Published Mar 2, 2016, 7:12 am IST
Updated Mar 2, 2016, 7:12 am IST
The budget allocation for the board has been reduced from Rs 201 crore to Rs 132 crore.
Representational image
 Representational image

KOTTAYAM: The drastic reduction in the Union Budget allocation for the Rubber Board has  disappointed the board as well as the rubber growers who have been badly hit  by the plunging rubber prices.  

The budget allocation  for the board has been reduced from  Rs 201 crore  to Rs 132 crore  which will hit  the  various developmental projects being carried out by the board, say senior officials.

 

“This will limit the activities of the  board to the distribution of salary. No welfare schemes, including subsidies,  can be taken up,” said a senior official.

Mr E.P. Mathew, a small-scale rubber farmer who grows three acres of rubber, says that the reduction in the budget allocation was  a bolt from the blue.

“The decision  will compel many rubber growers to stop cultivating the crop. Many are not replanting due to lack of subsidy,”  said Mr Mathew, who is also the secretary of the Aruvikuzhy rubber production society.

...
Location: India, Kerala




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT