Subject: Economy (agri) Context: PM says that minimum support price (MSP) and government procurement are important part of food security in India. Concept: Fixation of MSP The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP). Factors taken into consideration for fixing MSP include: Demand and supply; Cost of production (A2 […]

Subject: Economy(agri) Context: Union Finance Minister Nirmala Sitharaman has reiterated that the minimum support price (MSP) for crops will continue and will not be withdrawn. Concept: Fixation of MSP The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP). Factors taken into consideration for fixing MSP include: Demand and supply; […]

    Minimum Support Price “What I want and what I get” Why Farmers are still unhappy with hiked MSP? Is MSP Panacea for all farm sector Ills? Why MSP is sometimes referred as Inadequate, inefficient and ineffective? Is MSP in its present Avatar Outliving utility? Many such bubbling questions will become clear with this […]