Moneycontrol
Last Updated : Jul 18, 2018 03:50 PM IST | Source: Moneycontrol.com

Macro@Moneycontrol | Could MSP hike have been timed better?

Also on the show…The Law Commission of India has recommended that betting and gambling in sports be legalised and regulated.

Gaurav Choudhury @gauravchoudhury

Less than a year ahead of the 2019 general elections, the Cabinet has approved the proposal to hike minimum support price (MSP) for all kharif crops by 1.5 times of the input cost for the 2018-19 season, a move that is expected to boost farmers’ income.

MSP is a price at which the government buys crops from the farmers, irrespective of its price, to protect agriculture producers from sharp fall in farm prices.

This is the steepest hike since 2012-13, when the increase was 15.7%.

So how does the move impact the economy and common man’s budget? Watch the accompanying video for answers

Also on the show…The Law Commission of India has recommended that betting and gambling in sports be legalised and regulated.
First Published on Jul 17, 2018 01:08 pm
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