Minimum Support Price Current Affairs - 2020

Why GoI increased the Minimum Support Price of Rabi Crops?

The Government of India increased the Minimum Support Price (MSP) of rabi crops on September 21, 2020. The MSP on Wheat has been increased by Rs 50 per quintal. The other crops for which MSP has been increased includes Chana, Mustard, Safflower and Masoor. Key Facts The decision to increase MSP was taken at the Read More…

Ramesh Chand Task Force recommends linking sugarcane prices to sugar rates

Ramesh Chand task force by Niti Aayog has recommended to link sugarcane prices to sugar rates. The task force highlighted that it is essential to keep the industry in a good financial health. In its report, the task force has recommended for a one-time increase in the minimum sugar price at Rs 33 per kg. Read More…

Online Registration of Crops ‘E-Cropping’ Begins in Andhra Pradesh

A Comprehensive exercise for mapping of crops under each of the Rythu Bharosa Kendra (RBK) in the state has begun in Andhra Pradesh from 13th July 2020. This will help in preparing the State Government from crop planning to e-marketing of the crop. The officials of the Andhra Pradesh Governments Revenue and Agricultural Department have Read More…

GoI increases Minimum Support Price of 14 Kharif crops

On June 1, 2020, the Union Cabinet approved hike of Minimum Support Price of 14 Kharif crops. Highlights The Minimum Support Price of Paddy has been increased by Rs 53 per quintal. The MSP of paddy has been fixed at Rs 1,868 per quintal for the year 2020-21. The rates of pulses, oil seeds and Read More…

23 additional Minor Forest Produce included in Minimum Support Price List

On May 29, 2020, the Ministry of Tribal Affairs announced that 23 additional Minor Forest Produce of Minimum Support Price has been included. Highlights Also, the minimum support price for the existing forest produce was reduced for 50 items. The increase in Minor Forest Produce is from 16% to 66%. In certain cases such as Read More…