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Minimum support prices for winter crops up 5-7%

-Financial Express Robust production doesn't necessarily boost farmers' earnings. In the case of many crops, including oilseeds and pulses, the procurement levels are crucial and even the price support scheme sans procurement doesn't seem to be working on the groun The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved modest increases of 5-7% in the minimum support prices (MSP) for rabi crops for the 2019-20 season. Even as the winter sowing...

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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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Farm relief, new MSP regime on govt's to-do list

-Hindustan Times The Narendra Modi government’s new agenda for the crisis-ridden farm sector is being geared towards achieving the single goal of doubling agricultural incomes — a legacy of its first term in office. Prime Minister Modi had ambitiously promised a 100% jump in farmers’ incomes between 2017 and 2022, but farmers have been hobbled by unprofitable sales and even negative returns on some crops, as farm produce continue to sell below...

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Perils of over-promising -Ashok Gulati

-The Indian Express For all their talk on farm distress, on agriculture, BJP, Congress show they have not learnt from past failures. We often feel proud of our democratic system. But it also has a shortcoming, which has been magnified in the current election season. The conversation today is not about what the BJP/NDA promised in its manifesto of 2014, and how far they have been able to deliver on their...

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Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data

  The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...

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