A recent press release by the Cabinet Committee on Economic Affairs (CCEA) shows that the declared minimum support price (MSP) for most kharif crops to be marketed in 2019-20 is at least 50 percent above the cost of production. The official information related to the newly declared MSP, which came two days ahead of the Union Budget presentation, gives the impression that the newly re-elected NDA government has kept its promise...
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Govt unchains Ujjwala, LPG to reach all poor households
-The Times of India NEW DELHI: The Centre on Monday expanded the scope of its game-changer Ujjwala free LPG connection scheme to all poor households instead of BPL (below poverty line) families identified by the 2011 socio-economic caste census and a set of other categories. Oil minister Dharmendra Pradhan said the step approved by the Cabinet Committee on Economic Affairs will lift LPG penetration to 100% households from 90% at present. He...
More »Cabinet clears Rs. 3,466 crore dam improvement project
-The Hindu 198 existing dams in seven States will benefit The government has approved a 65% hike, and extended by two years, a project to improve the stability and working of dams in 11 States. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the Dam Rehabilitation Improvement Project (DRIP) project on Wednesday. Out of the Rs.3,466 crore cleared, Rs. 2,628 crore would be funded by the...
More »Hike in MSP is political, say farmers -Sreenivasa Rao Dasari
-Deccan Chronicle Seek a state-level intervention corporation. Hyderabad: The latest decision of the Centre to enhance minimum support price (MSP) for 14 crops has triggered a fresh debate on the cost of production and the procurement mechanism. Farmers say that the increase in MSP was a mere political decision and nothing has happened in reality, while agriculture experts agree that lack of consensus and clarity on support price is further adding to...
More »'Jumla' tag on 'record' farm support prices -R Suryamurthy, Jayanta Roy Chowdhury and JP Yadav
-The Telegraph New Delhi: The Narendra Modi government on Wednesday raised the minimum support price for the common variety of paddy by what it described as a "historic" margin, seeking to address rural disquiet that the BJP has identified as one of its weaknesses in the run-up to key elections. However, a powerful lobby of farmers has termed it a "jumla" (an idiomatic expression that loosely translates as a hollow promise or...
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