Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Govt needs to balance farmer, consumer interests: Assocham

Govt needs to balance farmer, consumer interests: Assocham

Share this article Share this article
published Published on Feb 14, 2018   modified Modified on Feb 14, 2018
-PTI

The government has to walk a tightrope to balance farmers' and consumers' interest in view of the Budget announcement on MSP that could further push up inflation, industry body Assocham said today.

In the Union Budget 2018-19, the government promised to fix the minimum support price (MSP) at 50 per cent higher than the cost of production.

"The Budget with a huge focus on agriculture has raised expectation level in rural landscape. Besides, entire national discourse has shifted to problems of rural India. Government would find it very difficult to adjust MSPs which do not appear to be in line with promises," Assocham President Sandeep Jajodia was quoted as saying in a statement.

He further said even the formula for costing is being debated in media and among agri-economists and farmers' organisations, which means the pressure on retail inflation is bound to be seen.

"The government will find it a 'tight rope walk' situation in managing the conflicting interests between farm producers and consumers, with inflation maintaining an upward trend for the last six months in a row and possibly moving towards six per cent mark, that can make general households restive," he said.

RBI, on the other hand, in its credit policy commentary has said it is yet to assess the impact of increased MSP on retail inflation, and impact would be clearly seen, especially on cereals and other foodgrains like wheat and rice.

"With vegetables and fruits having seen notorious gyrations in prices, the overall CPI inflation may well cross even the limit of four per cent by RBI," he said.

Please click here to read more.

The Economic Times, 12 February, 2018, https://economictimes.indiatimes.com/news/economy/agriculture/govt-needs-to-balance-farmer-consumer-interests-assocham/articleshow/62885244.cms


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close