-The Times of India NEW DELHI: The Centre hiked on Wednesday the minimum support price (MSP) of 14 kharif (summer sown) crops for the 2018-19 marketing season, syncing it with BJP’s 2014 poll promise to provide Farmers a profit margin of at least 50% over their cost of production for all the notified crops across the country. Seven of these 14 crops have reported hikes of nearly 20% or more as compared...
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Farmer suicides continue unabated despite PM Modi's tall promises
-National Herald Last year, Centre had informed the Supreme Court that despite a multi-pronged approach to improve income and social security of Farmers, over 12,000 suicides were reported in the agricultural sector every year since 2013 Over the last 48 hours, at least 24 debt ridden Farmers have committed suicide. The Marathwada region in Maharashtra has alone witnessed 452 instances of suicide in the first half of 2018 Despite announcements of loan waivers...
More »The govt needs to step in to revive rural demand -Himanshu
-Livemint.com Agriculture is not only crucial for what happens to growth, inflation and rural distress, it is also politically important given the simmering discontent among Farmers in the last two years Last week, the India Meteorological Department (IMD) declared that the south-west monsoon has covered the entire country, 15 days earlier than normal. This may be a cause for celebration considering the distress in agriculture in the last four years. Agriculture is...
More »India needs both price and income support for Farmers -Soumya Kanti Ghosh and Debashis Padhi
-Livemint.com The concerns about the downsides of these schemes are overblown, and they could go some way in alleviating rural woes Since the Union Budget 2018-19, there has been a great deal of discussion in the public domain regarding the health of the rural sector. We believe that the rural sector needs some policy intervention, be it price support or income support. As a case in point, the agri gross domestic product...
More »Kharif MSP hike to cost Centre Rs 33,500 crore more -Vishwa Mohan and Dipak K Dash
-The Times of India NEW DELHI: Moving to fulfil its budget promise and address political heat over Farmer discontent, the government is set to announce a new minimum support price (MSP) regime that will provide Farmers a profit margin of 50% over cost of production. The additional bill is likely to be around Rs 33,500 crore. The new MSP, to be considered by the cabinet on Wednesday, will largely apply to paddy...
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