On legalising MSP: Supporting farmers

News: Farmers are now protesting for a legally guaranteed minimum support price (MSP) In terms of policy intervention, it is well accepted that incomes in the farm sector have fallen behind, compared to other sectors of the economy, and farmers need to be fairly compensated. But a legal price guarantee is not the solution. There… Continue reading On legalising MSP: Supporting farmers

Legalising MSP: Challenges and way forward – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction After Govt’s recent decision to repeal three contentious farm laws, protesting farmer unions are now pressing for their demand of the legalisation of Minimum Support Price (MSP). They want a legal guarantee for the MSP, which at present is just an indicative or a desired price. Legalising MSP would put… Continue reading Legalising MSP: Challenges and way forward – Explained, pointwise

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?

Government hikes minimum selling price of sugar

Government has increased the minimum selling price (MSP) of sugar to support the oversupply hit sugar industry. 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. There are two objectives of the Minimum Support Price system (a)To prevent distress… Continue reading Government hikes minimum selling price of sugar