MSP is the minimum rate at which the grain is purchased by the government procurement agencies. India has three cropping seasons -- Summer, Kharif, and Rabi.
The Cabinet Committee on Economic Affairs, chaired by PM Narendra Modi, approved the increase in MSP for all mandated Kharif (summer) crops for the 2023-24 crop year.
Farmers protest: The Congress' unit for farmers accused the BJP-led central government of not cooperating with farmers and reneging on its promises made to them following which, the year-long stir at Delhi borders was suspended.
Wheat MSP has been raised by 5.45 per cent to Rs 2,125 per quintal from Rs 2,015 per quintal to encourage more area under the crop amid tight government stock position owing to low procurement, fall in production and higher exports.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the increase in MSP for all mandated Kharif (summer) crops for the 2022-23 crop year.
The minister said the matter of forming the Committee on MSP is under consideration of the ministry and will be formed after the elections are over.
Government and farmer leaders should think of some other way. MSP is not a solution. It will not only harm farmers, but traders & stockists also, says Anil Ghanwat, member of Supreme Court-appointed committee.
PM made the announcement during his address to the nation in which he also stated that the govt has decided to repeal the three farm laws, which were at the centre of protests by farmers for the past year.
In a major move, PM Modi on Friday announced the repealing of the three Central farm laws.
Thousands of farmers from Punjab, Haryana and Western Uttar Pradesh have been agitating at three Delhi border points -- Singhu, Tikri and Ghazipur -- since last November.
IndiaTV journalist had a word with farmers living near Singhu border where the protest over Farms Laws is currently going on. The farmers in favour of the bill urged protesting farmers to listen to govt atleast once and then take up a decision.
The fourth round of talks between the Centre and farmer leaders over the new farm laws concluded on Thursday without any breakthrough. The meeting that lasted for over 7 hours, saw discussions over various concerns raised by the farmers concerning the three agriculture laws. Though the meeting remained inconclusive, Union Agriculture Narendra Singh Tomar once again assured farmers that Minimum Support Price (MSP) will not be ended. The next meeting will be held on December 5 (Saturday) at 2 pm.
Union Agriculture Minister Narendra Singh Tomar on Thursday said that people who ruled for 50 years are asking why we didn't make a provision for MSP (Minimum Support Price) in the farm bills.
The farmers are asking for implementation of the Swaminathan panel recommendations and minimum support price (MSP) for their produce.
New Delhi: Going back on its pre poll promise of hiking the minimum support price (MSP), the Narendra Modi government on Friday told court that it would not be possible to increase the MSP on
Ahmedabad: The Gujarat Congress has decided to intensify its protest across the state on several issues, including the Minimum Support Price (MSP) for cotton and other agri-commodities, before the Vibrant Gujarat Summit, scheduled for January
Gandhinagar: Around 20 Congress MLAs were suspended for a day by Gujarat Assembly Speaker Ganpat Vasava today after they rushed into the well of the House and started shouting slogans against the state government on
Chandigarh: Accusing the NDA of being "insensitive" towards the plight of farmers, Congress leader Capt Amarinder Singh today slammed the Centre for a "meager" hike of Rs 50 in the minimum support price of wheat.Rejecting
Chandigarh, Apr 22: Punjab Deputy Chief Minister Sukhbir Singh Badal Monday demanded that the minimum support price (MSP) for wheat be fixed at Rs.1,500 per quintal by the centre.Badal, who is the Shiromani Akali Dal
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