Tag: Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill

Explained: What is the basis of MSP? How is it fixed, and how binding is it?

News: Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 does not provide any safeguards for the continuance of the existing minimum support price (MSP)-based procurement regime. Facts: MSP is the minimum price paid to the farmers for procuring food crops. It is announced by the Government at the beginning of the sowing season.… Continue reading Explained: What is the basis of MSP? How is it fixed, and how binding is it?

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