Chand batted for deferred deficiency price payments (DPP) as an alternative to the existing procurement based MSP structure.
High inflation hurts people’s buying power, while low levels can indicate poor demand and weak economic activity. Currently, it is the latter that seems to be playing out in the rural economy.
The non-profit organisation representing farmers across the states, including Andhra Pradesh, Telangana, Karnataka and Gujarat, appealed to Finance Minister Arun Jaitely, to avoid "the onslaught of heavy taxation on legal cigarette industry" and help bring stability in farm prices of tobacco.
Agriculture, as a percent of GDP, has fallen from 30 percent in 1990 to 18 percent now but the number of people depending on the sector hasn't fallen at the same rate. In a CNBC-TV18 interview, experts dissected what is wrong with the sector.