Msp Hike

Farmers protest: Hours before farmers resume their march to Delhi, sources in the Centre have said that the Narendra Modi government has taken several pro-farmer steps during its 10 years in power, including a hike in budget allocation.

The government on Tuesday hiked the minimum support price for six crops to boost production and income of the farmers.

The Centre on Wednesday hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, with paddy MSP being raised by Rs 100 to Rs 2,040 per quintal, a move aimed at encouraging farmers to bring more area under cultivation and boost their income.

Government on Wednesday hiked the minimum support price (MSP) of paddy by Rs 100 to Rs 2,040 per quintal for the 2022-23 crop year

Repo rate is likely to be hiked by at least 25 basis points in June, State Bank of India's Ecowrap report said

Cabinet Committee on Economic Affairs (CCEA) chaired by PM Modi approved the increase in the MSP for all mandated Rabi crops.

The Union Cabinet on Wednesday approved the increase in minimum support price (MSP) of Rabi crops.

The centre has raised the price it will pay to buy new-season wheat from farmers by 2 per cent to Rs 2,015 per 100 kg. The country is the world's second-biggest wheat consumer and sets a price each year to protect farmers from distress sales.

Punjab Chief Minister Captain Amarinder Singh on Thursday termed the hike in the Minimum Support Price for paddy as "not only grossly inadequate but also an insult to the farmers who have been fighting for their rightful dues".

The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other kharif crops were also hiked.

MSP for Kharif Crops: For sesamum, there has been highest absolute increase of price at Rs 452 per quintal, followed by tur and urad.

Seeking to allay concerns of farmers over a new set of legislations amid continuing protests by some parties, senior union minister Rajnath Singh on Thursday assured the farm community that the MSP (minimum support price) will not only stay, but it will also be continuously increased too in coming years.

Giving the example of how the Prime Minister's stance on implementation of the minimum support price (MSP) has changed since his first election in 2014, Congress leader Rahul Gandhi took a dig at PM Narendra Modi, saying his intentions to support farmers was "clear" - meant to wipe them out, and benefit corporates.

Shiromani Akali Dal chief Sukhbir Singh Badal on Monday rejected the Centre's hike of Rs 50 per quintal in the minimum support price of wheat by the Centre.

Politicians and farm leaders of Punjab and Haryana have unanimously rejected the hike in Minimum Support Price of rabi crops announced ahead of schedule by the Centre amid a huge unrest over the proposed farm laws.

Farmers protest: Hours before farmers resume their march to Delhi, sources in the Centre have said that the Narendra Modi government has taken several pro-farmer steps during its 10 years in power, including a hike in budget allocation.

The government on Tuesday hiked the minimum support price for six crops to boost production and income of the farmers.

The Centre on Wednesday hiked the minimum support price for kharif crops by 4-9 per cent for the 2022-23 crop year, with paddy MSP being raised by Rs 100 to Rs 2,040 per quintal, a move aimed at encouraging farmers to bring more area under cultivation and boost their income.

Government on Wednesday hiked the minimum support price (MSP) of paddy by Rs 100 to Rs 2,040 per quintal for the 2022-23 crop year

Repo rate is likely to be hiked by at least 25 basis points in June, State Bank of India's Ecowrap report said

Cabinet Committee on Economic Affairs (CCEA) chaired by PM Modi approved the increase in the MSP for all mandated Rabi crops.

The Union Cabinet on Wednesday approved the increase in minimum support price (MSP) of Rabi crops.

The centre has raised the price it will pay to buy new-season wheat from farmers by 2 per cent to Rs 2,015 per 100 kg. The country is the world's second-biggest wheat consumer and sets a price each year to protect farmers from distress sales.

Punjab Chief Minister Captain Amarinder Singh on Thursday termed the hike in the Minimum Support Price for paddy as "not only grossly inadequate but also an insult to the farmers who have been fighting for their rightful dues".

The government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other kharif crops were also hiked.

MSP for Kharif Crops: For sesamum, there has been highest absolute increase of price at Rs 452 per quintal, followed by tur and urad.

Seeking to allay concerns of farmers over a new set of legislations amid continuing protests by some parties, senior union minister Rajnath Singh on Thursday assured the farm community that the MSP (minimum support price) will not only stay, but it will also be continuously increased too in coming years.

Giving the example of how the Prime Minister's stance on implementation of the minimum support price (MSP) has changed since his first election in 2014, Congress leader Rahul Gandhi took a dig at PM Narendra Modi, saying his intentions to support farmers was "clear" - meant to wipe them out, and benefit corporates.

Shiromani Akali Dal chief Sukhbir Singh Badal on Monday rejected the Centre's hike of Rs 50 per quintal in the minimum support price of wheat by the Centre.

Politicians and farm leaders of Punjab and Haryana have unanimously rejected the hike in Minimum Support Price of rabi crops announced ahead of schedule by the Centre amid a huge unrest over the proposed farm laws.