MSP Hike

A Supreme Court-appointed panel on farmers' grievances and protests has filed its interim report, listing reasons for agrarian distress which among others include stagnant yield, rising costs and debts and inadequate marketing system. The high-powered committee, constituted on September 2 under former Punjab and Haryana High Court judge Nawab Singh to resolve the grievances of farmers agitating at the Shambhu border, also suggested solutions including examining the possibility of giving legal sanctity to Minimum Support Price and offering direct income support. While forming the committee, the SC had observed farmers' protest should not be politicised. A bench of Justices Surya Kant and Ujjal Bhuyan on Friday took the interim report on record and praised the committee for its efforts and framing of the issues to be examined and defuse the agitation. In its 11-page interim report, the panel said, "It is a well-known fact that the farming community in the country in general and that o

The MSP increase is aimed at providing a safety net for farmers, amidst a "moderation" in inflation, while the DA hike is expected to benefit around 4.91 million employees and 6.48 million pensioners

The highest MSP hike was given to Rapeseed and Mustard, with a rise of Rs 300 per quintal (from Rs 5,650 to Rs 5,950), followed by Lentil (Masur), which saw an increase of Rs 275 per quintal

Samajwadi Party president Akhilesh Yadav on Wednesday unveiled the party's manifesto for the Lok Sabha elections, promising a caste-based census by 2025, a legal guarantee for MSP, and scrapping of the Agnipath scheme. The manifesto -- 'Janta Ka Maang Patra - Humara Adhikar' -- was released at the SP headquarters here in the presence of senior party leaders. The 20-page document has called for a PDA government this time. PDA is an acronym for Pichde (backward classes), Dalit and Alpasankhyak (minorities) that was coined by Yadav. The SP is a constituent of the opposition Indian National Developmental Inclusive Alliance (INDIA) bloc. Addressing a press conference here, Yadav said a caste-wise census would be conducted after the formation of the INDIA bloc government at the Centre to fill all the vacant government posts of Scheduled Castes, Scheduled Tribes and Backward Classes by 2025. He said the Agnipath military recruitment scheme would be scrapped and regular recruitment in the

The SKM is an umbrella body of various farm unions, while the joint platform of trade unions consists of the central unions and sectoral worker unions

Punjab Chief Minister Bhagwant Mann on Friday announced a hike of Rs 11 per quintal in sugarcane price, saying the new rate of Rs 391 a quintal is the highest in the country. The announcement came days after the chief minister assured farmers of "good news" in the coming days. "With an increase of Rs 11, the new rate will be Rs 391 per quintal, which will be the highest in the country," Mann said in a post on social media platform X. Earlier, farmers held protests demanding an increase in sugarcane price from Rs 380 per quintal to Rs 450 per quintal. On Friday last week, farmers held a demonstration on a national highway in Jalandhar but decided to end their stir after Mann's assurance. "As far as increasing the rate of sugarcane goes, Punjab has always been ahead," Mann had said last week. Protestors under the banner of Samyukt Kisan Morcha had blocked the Jalandhar-Phagwara section of the Jalandhar-New Delhi National Highway near Dhanowali village. The strike ended on the four

The DA hike, effective from July 1, 2023, will lead to enhanced salaries for the month of November, along with arrears for the period from July to October

The government on Wednesday increased the Fair and Remunerative Price (FRP), the minimum price that mills have to pay to sugarcane growers, by Rs 10 to Rs 315 per quintal for the 2023-24 season starting October. The decision to increase the FRP of sugarcane was taken in the meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. The FRP of sugarcane has been fixed at Rs 315 per quintal for the 2023-24 season. "The Cabinet has increased the FRP of sugarcane to Rs 315 per quintal for 2023-24. Last year, FRP of sugarcane was Rs 305 per quintal," Information and Broadcasting Minister Anurag Thakur told reporters after the cabinet meeting. The Prime Minister has always been with "annadata". The government has given priority to agriculture and the farmers, he said. The FRP of sugarcane, which stood at Rs 210 per quintal in 2014-15 season, has now been increased to Rs 315 per quintal for 2023-24 season, he added.

He also said it is his government's great privilege to work for the welfare of farmers

Announcing in Lok Sabha the increased MSPs for the six Rabi crops, Agriculture Minister Narendra Singh Tomar said the MSP of gram has been increased by Rs 225 to Rs 5,100 per quintal

Between FY13 and FY19, the government of India raised MSP of various agricultural commodities by 40-70 per cent

The revised purchase price of 1,925 rupees per 100 kg for 2020 compares with 1,840 rupees a year ago, he said

The government Wednesday announced a 6 per cent hike in wheat support price to Rs 1,840 per quintal and up to 21 per cent increase in other rabi crops, a move that will give farmers Rs 626.35 billion

As per the report, for the rest of this financial year, the impact on inflation will be in the range of around 25-30 bps

The government, however, said the latest hike in the so-called minimum support prices would help farmers increase their income and boost the economy