Centre hikes paddy MSP by record Rs 200/qtl; IFFCO hails move
This is the highest ever single hike in paddy MSP, overshadowing Rs 170 per quintal announced by the previous UPA government in 2012-13 crop year. In the last four years, the NDA government has annually raised the paddy MSP between Rs 50-80 a quintal.
Today's decision covers kharif crops which include paddy, cotton, soyabean and some pulses, while the MSP using the same principle for rabi crops, including wheat and mustard, is yet to be announced. Image source: Zeebiz