-Livemint.com The actual determination of MSP is driven by a ‘business as usual’ practice of incremental increases in line with past trend, combined with the political need for ‘look good’ optics The recent increase in the minimum support prices (MSP) for major kharif crops has reignited the debate about food price policy. Some analysts believe that the increase has been excessive, that it will push up inflation, both directly and also indirectly...
More »SEARCH RESULT
Total Matching Records found : 1309
Retail inflation at five-month high of 5% in June despite easing food prices
-PTI The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. Retail inflation rose to 5 per cent in June, a five-month high despite easing food prices, government data showed on Thursday. The retail inflation based on Consumer Price Index (CPI) was 4.87 per cent in May. It was 1.46 per cent in June 2017. The earlier high was in January...
More »MSP -- Unfair to farmers in food bowl states -Manjit S Kang
-The Tribune The input costs of only chosen farmers are considered to decide the MSP. This is unfair to the farmers of the 'Granary of India' as their input costs are much higher than those of farmers from the rest of the country. In the Indian system, farmers are the only 'businessmen' who cannot set their own price for their products —foodgrains. Even a 'rehrhi-wala' sets his own price daily for whatever...
More »The food economy: A Catch-22 for policymakers
-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...
More »Minimum support price for paddy hiked by Rs. 200 a quintal -Vikas Vasudeva & Priscilla Jebaraj
-The Hindu The Union government looks to fulfil its poll promise of giving farmers 50 per cent more rate than their cost of production. In keeping with the promise made in this year’s Budget speech, the Union Cabinet has approved a hike in minimum support prices (MSPs) for kharif crops so that they are 50% higher than the cost of production, not including land costs. This includes a ?200 per quintal increase in...
More »
