MSP

MSP News

Paddy procurement in Chhattisgarh to resume in full swing buoyed by MSP hike

Immediately after taking oath as chief minister of Chhattisgarh, Bhupesh Baghel had announced a hike in the MSP of paddy to Rs 2,500 per quintal for this year.

Modi govt's hike in MSPs for Kharif crops well below the ones announced under UPA: RBI

The RBI, in its Monetary Policy Report released on Friday, however, did not elaborate on the assertion beyond a visual chart depicting the MSP hikes for different commodities for multiple years.

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Rethink MSPs

Relatively moderate raises for rabi crops are a relief. Restraint must now be followed by a review of policy.

Cabinet hikes MSP of Rabi crops for 2018-19

The Union Cabinet, chaired by Prime Minister Narendra Modi, in its meeting approved minimum support prices (MSP) of Rabi crops.

Cabinet approves new procurement policy on MSP allowing states to choose from schemes

Under the new policy, the state governments will be given an option to choose multiple schemes to protect farmers when prices fall below the MSP.

Below-MSP Procurement: Maharashtra traders withdraw strike after govt assurance

For the last few days, wholesale markets in Maharashtra have been through a major upheaval with traders refusing to participate in auctions. This was to protest against the state Cabinet’s decision to penalise traders for below-MSP procurement with a year’s jail term as well as a fine of Rs 50,000.

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Maharashtra: Kharif sowing in state at 97 per cent

The state has received an average rainfall of 823 mm between June 1 and September 4. In terms of percentage, it comes to 86.1 per cent. The water level in dams has been recorded at 66.1 per cent.

Supporting farmers, the middle way

Under a limited procurement system, government would procure excess farm produce and leave rest to be cleared at market price. For it to work, MSP must not be at a level to which market price will not rise.

Explained: Why Maharashtra govt's decision to penalise trade below MSP may not yield desired results

The Maharashtra government has decided to penalise trade below the government-mandated Minimum Support Price (MSP) by introducing amendments in the Agricultural Produce Marketing (Development and Regulation) Act, 1963.

As global prices soar, farmers pay more for fertilisers

Double whammy on top of costlier diesel neutralises MSP hike benefits

MSP Videos

From Red Fort, PM Narendra Modi promises to double farmers' income by 2022

"A lot of people raise doubts about this. But we are firm in our decision. We want to excel in innovation and bring0-in record production of food grains," PM Modi said, talking about blue revolution, fish revolution, sweet revolution in the country.

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