Citing inflation and WTO subsidy limit, NITI, Commerce red-flagged MSP hike
On June 7, the Cabinet chaired by Prime Minister Narendra Modi approved the increase in MSP ranging from 6 per cent to 10 per cent.
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On June 7, the Cabinet chaired by Prime Minister Narendra Modi approved the increase in MSP ranging from 6 per cent to 10 per cent.
Among pulses, the MSP for gram has been increased by Rs 105 per quintal, while for lentil (masur), it was hiked by Rs 500 per quintal.
Read more about What did FCI do differently this season to push wheat procurement? on Business Standard. Experts point to three major initiatives that led to a bumper purchase and laid the foundation for deeper and more structural reforms in the annual grain procurement process
Uttar Pradesh government will purchase wheat directly from farmers from April 1 to June 15 under the Minimum Support Price Scheme.
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