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RBI sanctions Rs 21K crore: Punjab gets CCL for wheat procurement

-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...

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‘Negative support’ to Indian farmers: myth or reality? -Sachin Kumar Sharma, Paavni Mathur and Raihan Akhter

-Frontline.in The argument that the Indian farmer is overburdened by “negative support” has become contentious in the context of the recent farm laws. In reality, this does not hold up to scrutiny. In the heat of the ongoing protests against the new farm laws, some views have emerged that the state has saddled the Indian farmer with excessive taxes. In support of this contention, methodology and data from the Organisation for Economic...

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Let’s strengthen and not dilute the National Food Security Act -Himanshu

-Livemint.com * We must widen its coverage to feed the needy instead of letting subsidy reductions get the better of it * Subsidy reduction is a key aim of Niti Aayog’s proposal to reduce food-security coverage, but our subsidy level is not as high as it looks and the move could thwart efforts to achieve nutrition goals A recent discussion paper by the Niti Aayog has suggested a reduction in the coverage of...

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To start direct payment of MSP to farmers, FCI asks Punjab govt for land records

-The Indian Express The March 4 letter said that FCI, Zonal Office (N), Noida, has directed that land records are a must for wheat procurement in RMS 2021-22. Jalandhar: The Food Corporation of India’s (FCI) Punjab office on Thursday wrote to the director of food, civil supplies and consumer affairs seeking land records of farmers so as to make direct online payment of Minimum Support Price (MSP) to their bank accounts from...

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Record 95.38% of registered farmers in Chhattisgarh sold paddy on MSP in Kharif 2020-21

-IndiaToday.in Numbers of farmers selling paddy on MSP, total registered acreage and the quantity of paddy sold this year is the highest in last 20 years. More than 92 lakh metric tonnes of paddy procured in 2020-21 in Chhattisgarh. A record number of 95.38 per cent of total registered farmers have sold paddy in Chhattisgarh in Kharif marketing year 2020-21, thanks to farmer-friendly policies implemented in Chhattisgarh under the leadership of Chief...

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