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Forest of problems

-The Business Standard MSP for forest produce may not work The government’s proposal to set up a minimum support price (MSP) commission to fix assured prices for minor forest produce has pros as well as cons, which need to be weighed carefully before a final call is taken. The proposal envisages the forest MSP panel as having its own elaborate establishment, allowing it to set minimum prices for non-timber forest produce while...

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Is MSP for 13 minor forest produce the next MGNREGS?-Smita Gupta

The Ministry of Tribal Affairs (MoTA)'s plan to introduce a Minimum Support Price (MSP) mechanism for 13 items of minor forest produce (MFP) has been approved by the Planning Commission. Sources in the Ministry told The Hindu that a detailed financial proposal would be sent to the Expenditure Finance Committee of the Finance Ministry by June 7 after which it would go to the Cabinet. Union Minister Kishore Chandra Deo, who...

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Support price plan for forest produce-Basant Kumar Mohanty

-The Telegraph Over 10 crore tribal people who earn their living by selling minor forest produce can now look forward to a better deal. State governments and the Planning Commission have backed a proposal to fix a uniform minimum support price for 13 such items by an independent commission. The ministry of tribal affairs is likely to take up the proposal for setting up a National Minor Forest Produce Price Commission (NMFPPC) with...

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Agriculture Ministry proposes Rs 170/qtl hike in paddy MSP

-PTI In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy at Rs 1,250 per quintal for the 2012-13 crop year (July-June). According to sources, the ministry has circulated a Cabinet note among various ministries recommending MSP of Rs 1,250 per quintal for common variety paddy and Rs 1,280 per quintal for 'A' grade variety of...

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Why FCI doesn’t buy grain futures-Ruchira Singh

Lack of knowledge, fear of political criticism are some of the reasons that are stopping FCI, according to experts What is stopping Food Corp. of India Ltd (FCI) from selling its ample wheat stocks in the open market and buying futures contracts to meet its distribution commitments in the months ahead? Or, for that matter, what is keeping the food procurement agency from selling grain futures internationally, knowing that a bumper crop...

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