-The Economic Times The government has increased the minimum support price (MSP) for the kharif season in a range of 16% to 53% to motivate farmers and compensate for higher input costs but the higher purchase prices could stoke food inflation further. The Committee on Economic Affairs ( CCEA) on Thursday raised the MSP of paddy by Rs 170 per quintal and those of oilseeds like groundnut, sunflower seed and niger seed...
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Price spike inflates worry
-The Telegraph Costlier food items carried inflation up to 7.55 per cent in May, and the price situation could get aggravated further by the government’s decision to raise the minimum support price of paddy, oil seeds and pulses. However, the Cabinet Committee of Economic Affairs (CCEA) deferred a decision to raise urea prices because of opposition by some ministries. Inflation in May last year stood at 9.56 per cent. Overall food inflation rose to...
More »Move to raise income cap for OBC benefits deferred
-The Hindustan Times The Union Cabinet has deferred the decision to raise the income ceiling to avail of OBC quota benefits in jobs and education. The ministry of social justice and empowerment's proposal to increase the ceiling from present Rs. 4.5 lakh to Rs. 6 lakh could not be approved due to demand from a section of ministers to further raise the limit. According to sources, a few OBC ministers opined the...
More »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...
More »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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