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The rule to save Indian economy ARO (Agriculture Revenue Obligation)

The agricultural/ economic revolution of India
By Dr. Rajesh Raghupathi Aug 22, 2013

The rule All businesses who have a turn over of Rs 5cr and above should demonstrate agricultural revenue of minimum 3% - ARO (Agriculture Revenue Obligation). Logic/Model If government can propose SPO (Solar purchase obligation) and RPO (Renewable purchase obligation) for industries, why not implement ARO (Agricultural revenue obligation). For our economy to revive this could be the only way out. This will also be a long term solution for the future of our country. Thought/Dream: Imagine the big jewelers, IT giants, real-estate, automobile, telecom, insurance, and other industrial giants contribute to the agriculture of this country by demonstrating 3% agriculture revenue. The outcome will be a sequential event which will ultimately result in full utilization of our agricultural lands with modernization, the result of which will be 1. Reduced food inflation 2. People will be happy with lesser salary - because they can buy food, vegetable, and other items which will be affordable. This means more value for money. 3. Modern storage facilities, large scale farming equipments, transportation 4. Job opportunities in both rural and urban - hence population migration to urban could be under control and the population will be spread across. 5. Increased production of farm products will result in increased export of food grains, fruits and vegetables 6. Last but not the least in a country where almost 65% of the population lives in rural, such increased investments in agriculture by corporate will be a big boon for our agriculture GDP which is our back bone and the only hope for our future. Example for ARO: If we consider the IT industries alone, the domestic and export revenue is approximately Rs 5 lakh cr. By implementing ARO, Rs 15000 cr worth of agriculture products could be produced. This may demonstrate in the form of direct farm income which would be the most preferred. However, ARO could also include storage facility income, farm equipment rental income, and other modes in which the government/country is in need to improve the agricultural GDP of the country. Since the industries are benefited out of the human resource, and other natural resource of this country, what is wrong in forcing them to show a 3% commitment towards agriculture? This could bring life in this country to normalcy by reducing the food inflation and add more value to our money. This is my sincere thought and if would like to discuss/comment on this please write to me at dr.rajesh.cbe@gmail.com visit www.itisknowledge.com Dr. Rajesh