Business Standard

Budget 2018: Centre ready to take a hit over crop minimum support price

The scheme could cover all commodities for which the Centre fixes MSP, except wheat and rice

budget 2018
Premium

Sanjeeb Mukherjee New Delhi
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,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in