Page-6 of Minimum Support Price Current Affairs, GK & News
The Cabinet Committee on Economic Affairs (CCEA) has hiked the Minimum Support Price (MSP) of wheat and pulses to boost the output of these rabi crops and check prices. The MSP of wheat was hiked by 100 rupees per quintal for the 2016-17 rabi crop. The procurement cost of wheat will be 1,625 rupees per ..
Distribution of essential commodities to larger section of the society, mostly vulnerable people, through a network of fair Price Shops on a recurring basis is done by the Public Distribution System (PDS). This system is jointly operated by the Central and State Governments. The Central government, through FCI has following responsibilities: Procurement, storage, transportation of ..
Issues with Food Corporation of India India has come a long way from the time it was struggling with food shortages way back in 1960. Now instead of shortages India faces a problem of plenty and lack of storage facilities. FCI which was entrusted the responsibility of providing benefits to farmers at the grass-root level ..
India was the most successful beneficiary of the green revolution. The revolution made the country self-sufficient in terms of the buffer stocks and food requirement of the people which in its early years remain dependent on food aid. Food Corporation of India (FCI) was established to procure grain from farmers in order to encourage production, ..
Topics: Minimum support price
Keeping in view the interests of the farmers as also the need for self reliance, the Government of India has been announcing Minimum Support Prices (MSP) for major crops from year to year. Farmers are free to sell in the open market or to the Government at the MSP depending on what is more advantageous ..