-Livemint.com Rainfall will be 97% of the 50-year average with a 54% probability that rains will be normal to above normal, IMD said in its first stage, long-range monsoon forecast New Delhi: Rainfall is likely to be normal during the June-to-September southwest monsoon season, the government’s weather office said on Monday. “For the third consecutive year, India will have a normal monsoon. There is very less probability of experiencing a deficit monsoon. We...
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MSP for Jowar: At 150% of cost, it will distort market price -Prabhudatta Mishra
-Financial Express If the government implements the assured Minimum Support Price at one and a half times the production cost, as promised, it would jack up consumer prices of jowar and distort the market dynamics of the “poor man’s cereal”. Besides, the measure would also dampen exports, analysts warn. At 150% of the cost (A2+FL), the MSP for jowar for the next season could be at least 37% higher than the...
More »Farm distress: direct income support 'less distortionary', says ICRIER study -TV Jayan
-The Hindu Business Line New Delhi: Giving direct income support (DIS) to farmers — similar to what Telangana recently launched — may be a better option than the price deficiency payment (PDP) scheme or higher Minimum Support Price (MSP) to address farm distress, according to a new study. Paying higher MSP based on cost-plus pricing would lead to market distortion. PDP schemes such as Bhavantar Bhugtan Yojana (BBY), which was in force...
More »Maharashtra farmers set to launch fresh protests from 1 June -Abhiram Ghadyalpatil
-Livemint.com The historic farmer protest launched on 1 June 2017 had a nationwide impact and raised several demands of farmers which still remain unaddressed Mumbai: The Akhil Bharatiya Kisan Sabha, a farmers’ organization affiliated to the Communist Party of India (Marxist), or CPM, will launch yet another protest on farm issues from 1 June to mark the first anniversary of the Maharashtra farmer protests. The Maharashtra state council of Akhil Bharatiya Kisan Sabha...
More »Confusion over MSP -CP Chandrasekhar
-Frontline.in The government ought to have specified its definition of cost of crop production in the Budget to prevent any confusion in the minds of people on Minimum Support Prices. Speaking at the Krishi Unnati Mela 2018, Prime Minister Narendra Modi reportedly complained that confusion was being spread about the announcement on Minimum Support Prices (MSPs) made in the Finance Minister’s 2018 Budget speech. The speech had assured farmers that they would,...
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