-The Indian Express The idea of a Minimum Support Price for crops came first from a visiting US soil scientist and fertiliser expert The institution of ‘mandis’ is as old as markets where wholesale trading in primary produce has been taking place since time immemorial. APMCs or Agricultural Produce Market Committees are of more recent vintage and the creation of Sir Chhotu Ram. In 1939, the legendary farmer leader, as Development Minister in...
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Explained: What is the basis of MSP? How is it fixed, and how binding is it? -Harish Damodaran
-The Indian Express The newly passed farm trade Bill has raised concerns that farmers may no longer be assured MSP for their crop. But MSP isn’t even mentioned in the new law or in existing ones. How is it fixed, and how binding is it? The recently enacted law that dismantles the monopoly of APMC (agricultural produce market committee) mandis, thereby allowing sale and purchase of crops outside these state government-regulated market...
More »Impact of farm bills on markets and farmers: Five indicators to track -Sayantan Bera
-Livemint.com * The upcoming kharif harvest season will put the new regime to test and farm unrest may spread beyond Punjab and Haryana if crop prices take a hit NEW DELHI: The new legislations that look to rejig India’s vast and fragmented agriculture markets together with amendments to the Essential Commodities Act are significant structural changes brought in by the Narendra Modi government. So far protests by farmers have largely concentrated in...
More »Can raising the approved labour budget from 280.76 crore person-days to 306.6 crore person-days help the unskilled returnee migrants who prefer MGNREGA to Garib Kalyan Rojgar Abhiyaan?
Although social activists and concerned economists demanded at least Rs. 1 lakh crore to be earmarked in favour of the Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS), the Finance Minister in her budget speech on 1st February allocated only Rs.61,500 crore to it for the financial year 2020-21. As compared to the fund spent on MGNREGA in 2019-20 (i.e. revised estimate of Rs.71,001.81 crore), the amount set aside for the...
More »Problems farmers face are rooted in structural constraints, require regulatory intervention -Mekhala Krishnamurthy
-The Indian Express We must recognise and strengthen the diversity, dynamism, enterprise, and resilience of India’s agricultural markets. Last week, Finance Minister Nirmala Sitharaman signalled the Union government’s intention to enact a new central law that would override existing state regulations that restrict the farmer from legally selling to anyone other than a buyer licensed by the local Agricultural Produce Marketing Committee (APMC). The decision to push for a central law comes...
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