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LATEST NEWS UPDATES | Government ready for higher MSPs: Paswan

Government ready for higher MSPs: Paswan

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published Published on Jul 4, 2018   modified Modified on Jul 4, 2018
-The Hindu

Says Centre prepared to set up facilities for procurement

The government is prepared to create all the facilities and infrastructure needed to procure foodgrains, even as the Cabinet prepares to hike Minimum Support Prices (MSP) for kharif crops, Union Food Minister Ram Vilas Paswan said.

The Union Cabinet is expected to meet on Wednesday, and approve MSPs for 23 crops at 1.5 times the input costs. For MSPs to be implemented on the ground, the government would also need to step up its procurement capacities.

Impact on budget

Asked about the impact of the hike in MSPs on the government budget and on consumer food prices, Mr. Paswan said no one complains when the price of cars is increased, or when other consumer items become expensive.

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The Hindu, 3 July, 2018, https://www.thehindu.com/news/national/government-ready-for-higher-msps-paswan/article24323574.ece


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