-The Indian Express The court also recommended that MSP be granted legal status by bringing in suitable legislation. Chandigarh: The Punjab and Haryana High Court Monday said the minimum support price (MSP) in the agriculture sector should be three times the cost of production of major crops to save farmers from distress. The court also recommended to the Union government and the Punjab government that MSP should be provided legal status,...
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A reality check indicates that MSP set for 2019-20's kharif crops is not 1.5 times the 'C2' cost of production
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...
More »Tur dal price jumps 20% in past 2 months, hits Rs 100/kg in retail -Dilip Kumar Jha
-Business Standard Unlikely to rise further as the government allowed imports, release stock held by Nafed Mumbai: With its price shot up sharply in the last few weeks, tur dal has started slipping out of consumers’ plate steadily. Data compiled by the Union Ministry of Food, Consumer Affairs and Public Distribution showed the maximum tur dal prices across the country is at Rs 110 a kg on higher side and average or model...
More »Lack of milling facility forces paddy-surplus Tripura to spend crores on rice imports -Debraj Deb
-The Indian Express While procurement has become popular among farmers, insufficient collection is forcing the government to shell out hundreds of crores every year for rice imports while they have got all the rice right at home. Tripura’s BJP-led state government is procuring 10,000 MT paddy from farmers at Minimum Support Price (MSP) starting Monday, even as the Centre’s Food Corporation of India (FCI), which procured paddy for the first time...
More »Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya
-The Economic Times Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos. NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...
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