-Business Standard Says Parlt panel suggestion of MSP at 50% more than cost will distort market; also declines suggestions for region-wise floor prices The government believes fixing a Minimum Support Price (MSP) for agricultural commodities which is 50 per cent more than the cost of production could distort the market and encourage inefficient production. It would also go against the principle of comparative advantage in producing specific crops. In its Action Taken Report on...

-The Indian Express During the election campaign, the BJP had promised a 50 per cent profit margin on minimum support prices to farmers. But over the past year, the optimism of farmers has turned to despair. Since the parliamentary elections, basmati paddy prices have fallen by 35 per cent and cotton by 25 per cent. The era of cooperative federalism notwithstanding, the Centre practically decreed that states not announce a crop...

-The Indian Express The Union budget is largely about the intentions and policies of the government of the day, as well as the arithmetic of resource mobilisation and allocation to achieve certain ends in the economy. The diagnostics of various economic problems and their probable solutions are generally found in the Economic Survey. The Economic Survey clearly indicates that growth in agri-GDP in FY15 has collapsed to just 1.1 per cent, while...

-The Financial Express   Prime minister Narendra Modi has done well to launch a soil health card scheme, from Suratgarh in Rajasthan, which is slated to cover 14 crore farmers in the next three years. Soil health cards are an important component of agriculture reform since they help impress upon the farmer the damage done to the soil by excess use of the heavily-subsidised urea in comparison with other fertilisers. While the...

-Frontline A critique of the report of the high-level committee on restructuring the FCI and reviewing its role by TK Rajalakshmi SOON after assuming power at the Centre, Narendra Modi's National Democratic Alliance government set up a high-level committee on re-structuring the Food Corporation of India that was mandated to make the food management system more efficient. It was headed by Shanta Kumar, former Union Minister for Rural Development and former Chief...