In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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Farmers' Body Announces Nationwide Stir Against Modi Govt's MSP 'Betrayal' -Neha Mehrotra
-TheWire.in Accusing the government of having deceived farmers by not fulfilling its MSP promise, and yet claiming that it has, the AIKSCC has announced a series of agitations over the next four months. New Delhi: The All India Kisan Sangharsh Coordination Committee (AIKSCC), a coalition of over 180 farmer organisations across the country, has termed the announced hike in minimum support prices (MSP) a ‘historic betrayal’, and not a ‘historic increase’ as...
More »New MSP: Govt fails to meet Swaminathan standards, yet again -Banjot Kaur
-Down to Earth While the Modi cabinet claims that land rent is included, calculations suggest otherwise The Narendra Modi cabinet made a big ticket announcement of increasing the minimum support price (MSP) of 14 kharif crops on Wednesday (July 4). Farmer agitations all across the country in the past few months have been focused on demanding that MSP be increased so it is at par with 1.5 times the cost of...
More »Fact Check: Has the BJP Really Fulfilled Its MSP Promise as It Claims? -Kabir Agarwal
-TheWire.in While the government has claimed that it has fulfilled its promise of MSP at cost plus 50%, the claim is misleading. The MSPs fall short of offering returns at 50% over comprehensive cost of production, as the BJP had promised prior to 2014. New Delhi: On July 4, the Narendra Modi-led government at the Centre announced the Minimum Support Prices (MSP) for the 2018-19 kharif season. In a tweet, Narendra Modi...
More »Why MSP at cost plus 50% is no big deal -Rajalakshmi Nirmal
-The Hindu Business Line The MSP for many crops is already 1.5 times cost; and procurement is either absent or very minimal except for paddy and wheat There has been much speculation on the Budget promise to farmers of 50 per cent return on cost of production. But this may not help farmers much, as many crops already enjoy 50 per cent profit at minimum support price (MSP), according to the price...
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