Minimum Support Price Current Affairs, GK & News

Union Budget 2022-23-Highlights

On February 1, 2022, the Union Finance Minister Nirmala Sitaraman presented the Union budget 2022-23. The budget focuses on macro economic growth, energy transition, promoting digital economy, climate action, tech enabled development, crowding in private investment. Here are the highlights of the budget. Key Highlights Digital Rupee is to be issued using block chain technologies ..

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MSP increased for all Rabi crops for 2022-23

Cabinet Committee on Economic Affairs (CCEA) approved an increase in Minimum Support Prices (MSP) for all the mandated Rabi crops on September 8, 2021. Highlights MSP was increased for the Rabi Marketing Season (RMS) 2022-23 with the aim of realigning MSPs in favour of pulses, oilseeds, and coarse cereals. The Differential remuneration aims to encourage ..

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Centre announces hike in MSP for Kharif Crops

Union Cabinet approved an increase in Minimum Support Price (MSP) of Kharif crops for 2021-22, to increase farmers’ income. Key Points Centre has increased MSP for paddy by Rs It now stands at to Rs 1,940 per quintal for 2021-22 crop. Highest absolute increase in MSP over previous year has been recommended for sesamum, followed by tur ..

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Punjab to involve Arhtiyas in Direct Payments to Farmers

The Punjab State Government recently told the Union Government that it will pay the Minimum Support Price directly into the accounts of farmers starting this procurement season. However, the Arhtiyas in the state have been opposing to the direct payment. Arhtiyas are Commission Agents in the state. They used to pay the farmers earlier in ..

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14 Minor Forest Produce Items included under MSP Scheme

The government has decided to include 14 new minor forest produce items under the mechanism for marketing of minor forest produce by the minimum support price scheme. Highlights This new mechanism will help to provide remunerative and fair prices to tribal gatherers of forest produces. The items which have been included in the scheme include- ..

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