Diabytes
Minimum support prices News
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The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs.300 per quintal followed by Lentil (Masur) at Rs.275 per quintal.
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The committee will look into the farmers' grievances against the three laws
Thousands of farmers, mostly from Haryana and Punjab, have been protesting at several border points of Delhi since November 28 last year
They are demanding a repeal of the three laws and a legal guarantee on the minimum support price for their crops
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On farmers' demand for a legal guarantee for procurement at MSP, Tomar said the government has already said that it is ready to give a written assurance
The farmers came to attend the sixth round of talks with the government after a break of three weeks
The meeting started at Vigyan Bhavan with Tomar, Consumer Affairs Minister Piyush Goyal, and Union minister Som Parkash heading the govt side
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MSP for wheat during Rabi 2014-15 was Rs 1400 per quintal which has been raised by 37.5% to Rs 1925 during Rabi 2020
The Price Policy for Rabi Crops of 2020-21 will lead to increased investment and production through assured remunerative prices to the farmers
The procurement of Paddy is more than 74% higher as compared to 2014-15, in most of the states, Tomar added
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The government has increased the MSP of Kharif crops to ensure remunerative prices to growers for their produce.
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In addition, MSP for Toria and De-Husked coconut is also fixed on the basis of MSPs of Rapeseed/Mustard and Copra respectively.
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While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.
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While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.
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The government will soon decide on minimum support prices (MSPs) for kharif crops such as paddy and is also working on ways to contain the rise in prices of pulses by boosting supplies, Finance Minister Arun Jaitley said Thursday.
Faced with liquidity crunch, state-run Food Corporation of India (FCI) has asked government to clear dues of Rs 50,000 crore in a phased manner.
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