The Union Budget 2018-19 is likely to give freedom to states to intervene in agriculture markets so that prices don’t crash sharply, but the Centre may have to bear up to 40 per cent of the losses suffered by states due to the Minimum Support Price (MSP) of a crop.
The proposal is being seen as a move to address the continuing rural distress.
The scheme could cover all commodities for which the Centre fixes MSP, except wheat and rice. There won’t be any cap on the quantity to be purchased by the states.
Perishables like onion,
The proposal is being seen as a move to address the continuing rural distress.
The scheme could cover all commodities for which the Centre fixes MSP, except wheat and rice. There won’t be any cap on the quantity to be purchased by the states.
Perishables like onion,