Punjab received 253.7 mm of rain in August, which was not only 74% in excess of normal but also the highest the state has seen in the last 25 years. Experts warned the disaster could impact the country's public distribution system, apart from short-term paddy price inflation.
Sitharaman announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, which will impact 7.7 crore farmers, fishermen and dairy farmers.
The "jatha" (group) of 101 farmers earlier made three attempts to head towards Delhi on foot on December 6, December 8 and December 14, last year at the Shambhu border. They were not allowed to proceed by security personnel in Haryana.
Currently, the government fixes MSP for 23 commodities based on the Commission for Agricultural Costs and Prices (CACP) recommendations.
The strength of rural recovery and its attendant impact on consumption depends not so much on output but on prices realized by farmers. On that score, there are worrying signs as the market price of three key crops, moong, soybean and groundnut, are ruling below their respective MSPs. Low returns for farmers can act as a drag on rural demand which will have a knock-on effect on GDP growth rate
Urban consumption to get a leg up from the festive season and improvement in consumer sentiments, finance ministry said in its September economic review
Punjab CM Bhagwant Mann said the farmers do not want to burn stubble or even cultivate paddy but are forced to because MSP is not available on alternative crops.
The toughest challenge for the flexible inflation targeting policy will likely emerge in the coming months
On October 16, the Cabinet announced a 2-7 percent hike in MSP of rabi produce for the season
The farmer leaders of several states on Wednesday apprised Rahul Gandhi of the issues being faced by them in their respective areas
The Samyukt Kisan Morcha (SKM), which led the 2020-21 farmers' protest, made the announcement a day after its general body met.
Recently, on June 14, sugar stocks had rallied up to 13 percent, driven by expectations of a hike in the minimum sale price for the 2024-25 season.
Modi 3.0 has built its welfare commitments on the foundation of five years of free cereals. It makes the current-pattern of MSP sticky
The government annually fixes MSP for 23 crops based on recommendations from the Commission for Agricultural Costs and Prices (CACP), operating under the Ministry of Agriculture and Farmers Welfare.
A total of 22.31 lakh farmers have benefitted in the latest Rabi season, with total MSP outflow to the tune of Rs 59,715 crore.
Ramlila Maidan Farm Mahapanchayat: Samyukta Kisan Morcha’s success in getting permission for a mahapanchayat in Delhi even as its splinter outfit, the SKM (Non-Political) languishes at the Shambhu border, has created unease in the farm movement. GoI has played a smart political hand, but will the two groups resolve differences for the sake of their common goals like legal guarantee for MSP?
The government has finalised a process to implement the decision and has developed a portal where farmers will have to register and give an undertaking that they have diversified the crop.
At Rs 5,335 per quintal, the new MSP for raw jute for the next season will be 5.6 percent higher than for 2023-24.
India's journey to economic progress reveals a profound shift in consumer behaviour with changes in policy paradigm to sustain the agricultural economy. The transformation has been brought in due to the intertwining dynamics of MSP and its consequences on food security, agricultural sustainability, and economic growth
Some WTO members have raised concerns over the country's MSP scheme on key agricultural products, as well as the recent export restrictions on commodities such as rice, citing that it distorts market prices.
The reason for the agitation by Punjab’s farmers is a desire to reduce area under paddy but still earn similar income from other crops Siraj Hussain and Kriti Khurana
Punjab Chief Secretary asks Haryana counterpart to transfer injured farmer from PGI Rohtak to Punjab authorities after 'Delhi Chalo' clashes.
The noted agricultural economist says that MSP is not the right instrument to increase farm income since it could create major disruptions in the economy.
Farmers' protest: Loan waivers can have significant consequences that extend beyond the immediate beneficiaries, impacting the entire credit framework. Reports suggest that states implementing loan forgiveness schemes often see a surge in NPAs, potentially leading to disruptions in credit discipline.
Chand said farmers should not ask for MSP to be done legally, but believe on assurances from the government