Centres Stand News Today

The Centre is not in favour of reworking the MSP for paddy or other crops, ET gathers. The agriculture ministry holds that the fixed MSP which provides at least 50% return over all India weighted average cost of production is a benefit to farmers across the country. Raising the price of crops simply to make them competitive with rice could result in a distortion of market prices and it would be inappropriate to resort to such a measure for one state.

In another U-turn on the disinvestment process of Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant, the Centre on Friday said that the process is in progress.