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Minimum Support Price News
Minimum Support Price
Modi government raises MSP for rabi, kharif crops for 2019-20
Tue, Mar 17, 2020
Government increases the Minimum Support Price (MSP) for Kharif and Rabi crops of 2019-20 season including Paddy, wheat, pulses and oilseeds on the line of fixing the MSP at a level of 1.5 times of the cost of production
Sugar Mills Facing Problems selling Sugar on MSP
Mon, Jun 03, 2019
sugar mills are under intense pressure, because sugar mills are facing a cash crunch as they also have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar.
Not high enough? Modi govt hikes minimum support price (MSP) for key rabi crops, but farmers may not be too happy
Fri, Oct 05, 2018
The government has once again increased the minimum support price (MSP) for key rabi crops, including paddy and mustard, just ahead of polls in states where these two crops are primarily grown.
Government may announce new crop procurement mechanism soon: Sources
Tue, Jul 10, 2018
According to the sources, the government will incentivise private players for purchasing crops from farmers at the MSP. It may also approve the formula under which the difference between the MSP and the market price will be paid directly by the government.
MSP hike to boost farm income, spur growth: Assocham
Mon, Jul 09, 2018
The BJP-led government had last week increased the MSP for paddy by a record Rs 200 per quintal that will cost the exchequer over Rs 15,000 crore, and help fulfil its poll promise to give farmers 50 per cent more than their cost of production.
When will government’s hike in MSP really impact inflation
Sat, Jul 07, 2018
The Reserve Bank of India (RBI) who is an inflation trajectory central bank feared that government’s decision to hike MSP prices for farmers, as according to the six-member Monetary Policy Committee (MPC) that would impact Consumer Price Index (CPI).
PM Narendra Modi hails decision on MSP as 'historic'
Thu, Jul 05, 2018
The Prime Minister`s remarks came after the Cabinet Committee on Economic Affairs approved MSP for notified agricultural crops to provide farmers a profit of 50 per cent over the cost of production.
RBI fears come true! Centre hikes MSP prices in Kharif crops, inflation set to spike
Wed, Jul 04, 2018
While government is busy satisfying farmers demand, this has turned to be a bad news for inflation in India, which, as per RBI, will rise if MSP prices are hiked.
Steep hike in paddy MSP prices! Govt raises rates by Rs 200-1,750 per quintal
Wed, Jul 04, 2018
While the BJP had promised in 2014 to give farmers a price of 1.5 times of cost, an announcement to give effect to the promise was made in the government's fifth and final annual Budget presented on February 1 this year.
MSP, fiscal slippage, inflation force RBI tread cautiously
Thu, Feb 22, 2018
RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6%, raised CPI inflation target
Will MSP hike in Budget FY19 be inflationary?
Tue, Feb 06, 2018
The Finance Minister also decided to increase food subsidy by 21% or Rs 29,041 crore to Rs 1.69 lakh crore.
Agriculture stocks spike up to 6% on big push to rural India in Budget 2018
Thu, Feb 01, 2018
Agriculture-related stocks rallied up to 6 per cent on Thursday soon after the Finance Minister Arun Jaitley announced favourable measures such as hiking minimum support price (MSP), allocating more funds to rural-focused schemes to boost agriculture sector.
Niti Aayog suggests retaining tax exemption limit at Rs 2.5 lakh
Fri, Aug 25, 2017
On direct taxes, the 211-page document said that the nominal tax exemption threshold should remain unchanged in a bid to include greater proportion of individuals in the tax net over time.
Niti Aayog may replace MSP with payment system to benefit farmers
Fri, Aug 12, 2016
At the first stage, NITI Aayog will begin the system as 'pilot project' at two locations only and on Cotton commodity.