-Livemint.com Early adopters claim higher yields and low cultivation costs. But scientific validation is awaited Government can keep fertilizer subsidies in check. The fertilizer subsidy bill, driven by a spike in natural gas and other raw material prices, is set to touch a staggering ₹1.3 trillion in 2021-22 Life is what happens when you’re busy making other plans. Or so it happened to KV Homendra. At 23, he went for a degree in...

-Newsclick.in A guaranteed MSP system will also reduce public storage costs/wastage if it is complemented by a universal public distribution system. The year-long protest by farmers and workers compelled the Centre to repeal the three contentious farm laws, which were designed to further corporate encroachment in agriculture, on November 29. On December 11, the protest ended but not before the protesters reiterated their demand for a legal guarantee on Minimum Support Price...

-The Hindu Business Line There is no guarantee farmers’ income will rise as the methodology for estimating cost of production is outdated, defective Although the farmers’ agitation that lasted over one year was finally called-off, their demand for a law guaranteeing minimum support prices (MSP) for crops is continuing. Can the MSP be legalised in a country that produces about 1,000 million tonnes of agri-commodities? If so, who will benefit from it?...

-Newsclick.in Answers to all the questions you are likely to have about the Minimum Support Price and the controversy surrounding it. Prime Minister Narendra Modi’s hope that his promise to repeal the three new farm laws will have the protesting farmers to promptly fold their tents and leave Delhi has been belied. The farmer unions have instead declared that they are not going to call off their one-year stir until the Union...

One is almost certain to hear this from an economist that if something is available at free of cost or at a subsidised rate thanks to government intervention, then people tend to overuse or overconsume such goods/ commodities. So, the best solution is to create a market for such 'almost freely available' or 'highly subsidised' goods or commodities. Once people start paying to use or consume such goods/ commodities, they...