-Down to Earth More than creating financial crunch for upcoming sowing season, cash crunch is impacting the prices at which farmers are selling their produce While the Union government is promising that cash crunch in the market would end soon, the farmers have already started feeling the pinch badly. The fears of demonetisation have come back for them. They are in soup because not only is this the harvest season, but also...
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Farm distress: direct income support 'less distortionary', says ICRIER study -TV Jayan
-The Hindu Business Line New Delhi: Giving direct income support (DIS) to farmers — similar to what Telangana recently launched — may be a better option than the Price Deficiency payment (PDP) scheme or higher minimum support price (MSP) to address farm distress, according to a new study. Paying higher MSP based on cost-plus pricing would lead to market distortion. PDP schemes such as Bhavantar Bhugtan Yojana (BBY), which was in force...
More »Farmer support: Centre looking to spend Rs 200-250 bn on MSP procurement -Sanjeeb Mukherjee
-Business Standard Decision likely soon, states will be free to adopt one or more of the models suggested New Delhi: The Central government is looking at spending a minimum of Rs 200-250 billion initially along with the states in ensuring that farmers get the benefit of Minimum Support Price (MSP) either through direct procurement of goods or a system of Price Deficiency Payment on the lines of Madhya Pradesh’s Bhawaantar Bhugtan Model. Officials...
More »From Plate to Plough: The right agri-support -Ashok Gulati & Tirtha Chatterjee
-The Indian Express Schemes to ensure that farmers get fair returns will come a croppper unless trade and tariffs are synced with minimum support prices. With farm prices of several commodities falling way below their minimum support prices (MSPs) in 2016-17 and 2017-18, farmers have been under increasing stress. The Centre and several state governments are searching for ways and means to support farmers. In his recent address (Mann ki Baat), the...
More »NITI Aayog begins discussions on MSP model; comes out with 3 options
-The Hindu Business Line To be finalised by the end of this month New Delhi: The NITI-Aayog has initiated discussions on putting in place a system to fix minimum support price (MSP) for different crops. A consultation meeting to discuss various options was held on Friday chaired by the NITI-Aayog Vice-Chairman Rajiv Kumar. The move comes following an announcement in the Budget by Finance Minister Arun Jaitley that the Aayog will work with States...
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