The Cabinet Committee on Economic Affairs approved the increase in the MSPs for six rabi crops grown in 2021-22 crop year and traded in Rabi Marketing Season 2022-23
The government had announced the hike in MSPs in July for the summer or the kharif crop, following a budget announcement affirming a 50 percent mark up to farmers over the cost of produce.
Narendra Modi govt 'accedes' to most demands by farmers, but is it enough for BJP to extricate itself from agri mess it created?
Farmers have been demanding remunerative prices for their produce for decades. In times of scarcity and high prices, they are shortchanged of the profits they could have earned by middlemen; and in times of glut and low prices, they are often compelled to dump their produce
Minimum Support Price: Centre's move to hike MSPs makes industries dependent on agrarian produce vulnerable
The hike in minimum support prices (MSP) presents a very real problem for industries dependent on agricultural produce such as textiles and food processing.
RBI may opt for status quo on policy rates in August; inflation likely to drop to 4.4% in July : HDFC Bank
Stabilisation in the otherwise volatile rupee and the moderation in oil prices can also be pointed out by RBI as a comforting factor, HDFC Bank said
HD Kumaraswamy should wipe his tears and ask this: Can his Rs 44,700 cr loan waiver save the lives of Karnataka’s farmers?
Farm loan waivers by state-governments act as a band-aid that covers the wound. They have failed to resolve agrarian distress in the world’s sixth-largest economy
Narendra Modi to address farmers' rally in West Bengal's Midnapore today, will focus on Centre's decision to hike MSP
Prime Minister Narendra Modi will address a farmers rally on Monday at Midnapore town in West Bengal focusing on the Centre's recent decision to increase the minimum support price (MSP) of Kharif crops.
RBI will go for another 0.25% rate hike in August MPC meeting; MSP hike to spur inflation: BNP Paribas
It said the price is higher than the RBI's medium-term target of 4 percent and the risks to inflation going forward are tilted on the "upside"
Reserve Bank of India expected to raise interest rates in August; to go for more hikes this fiscal: DBS
According to DBS, upside risks to inflation and a need to maintain financial markets' stability will keep monetary policy on a tightening bias.
Inflation hits 5 month high, IIP at 7-month low: Why the twin shocks present a tough dilemma to the MPC
In an election year, when growth is on a slippery note, the RBI will face pressure to cut rates. But, if inflation continues to rise, rate hikes will be inevitable
India can become world's fifth largest economy provided growth momentum continues, says Arun Jaitley
Union minister Arun Jaitley says world's sixth largest economy is in a stable condition
At rally in Punjab's Muktsar district, Narendra Modi says farmers are relieved after MSP hike, but Congress losing sleep
Prime Minister Narendra Modi was addressing a farmer's rally in Punjab — jointly organised by the Shiromani Akali Dal (SAD) and the BJP in the view of the hike in MSP.
Centre's MSP hike is damage control move by govt to cover apathy, says Congress leader Radhakrishna Vikhe Patil
Leader of Opposition in Maharashtra Legislative Assembly Radhakrishna Vikhe Patil on Tuesday termed as a "damage control exercise" the Centre's move to hike the MSP of Kharif crops to 1.5 times the cost of production.
Farm loan waivers to touch $40 billion by 2019 Lok Sabha elections, says Bank of America Merrill Lynch report
Farm loan waivers, along with minimum support price (MSP) hikes, will support rural demand at a time of stress, says the report
Hike in minimum support price of cotton will make fibre expensive, may hit textile sector, says industry body CITI
Hike in minimum support price of cotton would make Indian cotton fibre relatively expensive with respect to international prices and inflate prices of its products, CITI said
Farm advisory body CACP says govt should consider bringing new law 'Right to Sell at MSP' for farmers
The CACP, a statutory body under the Union Agriculture Ministry, recommends MSP for notified Kharif and rabi crops
MSP hike: Revised purchase price alone won't sustain higher farm incomes; yields have to improve and costs must fall
A mere hike in MSP will not result in higher incomes for farmers. Of the 23 crops for which govt announces floor prices, there is a proper procurement system only for rice, wheat and sugarcane