Business Standard

Page 2 - Minimum Support Price

PM to release Rs 20K cr for farmers during his Varanasi visit on June 18

Prime Minister Narendra Modi will visit his parliamentary constituency Varanasi on June 18 for the first time after assuming office for a third consecutive term, during which he will release the 17th installment of PM-KISAN scheme amounting to over Rs 20,000 crore for 9.26 crore beneficiary farmers across the country. Modi will also confer certificates to more than 30,000 members of Self Help Groups (SHGs) who have been trained as 'Krishi Sakhis' to work as para-extension workers, supporting fellow farmers with agricultural practices. Briefing the media, Union Agriculture Minister Shivraj Singh Chouhan highlighted the government's commitment to the agriculture sector. "Agriculture has always been a priority for the PM in his last two tenures. He took several key decisions in the interest of farmers. After taking oath as PM, Modi ji first signed a file related to the release of the 17th installment of the PM-KISAN scheme," Chouhan said. Launched in 2019, PM-KISAN is a direct benefit

PM to release Rs 20K cr for farmers during his Varanasi visit on June 18
Updated On : 15 Jun 2024 | 3:05 PM IST

TMC MPs to meet agitating farmers in Haryana, to convey Didi's message

A five-member delegation of Trinamool Congress MPs will visit Haryana on Monday to meet farmers who have been demonstrating to press for their demands that include a legal guarantee for minimum support price (MSP) for crops. "Will convey Didi's (TMC supremo Mamata Banerjee's) message to them that we are with you and the NDA govt led by Modi at the Centre must meet the demands," the party said in a statement. The five-member team comprising TMC national spokesperson Derek O'Brien, Mohammed Nadimul Haque, Dola Sen, Sagarika Ghose and Saket Gokhale is likely to meet the agitating peasants near Khanauri on the border of Haryana and Punjab. Security forces had stopped the farmers at Khanauri from marching to Delhi as part of their agitation on February 13.

TMC MPs to meet agitating farmers in Haryana, to convey Didi's message
Updated On : 10 Jun 2024 | 1:09 PM IST

MSPs ensured minimum return of 50% over production cost in 2023-24: RBI

The minimum support prices (MSPs) for both kharif and rabi seasons 2023-24 ensured a minimum return of 50 per cent over the cost of production for all crops, said the Reserve Bank's Annual Report released on Thursday. The overall public stock of foodgrains as on March 31, 2024 stood at 2.9 times the total quarterly buffer norm, the report said. On November 29, 2023, the government extended the scheme of free distribution of foodgrains under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for five more years, effective from January 1, 2024. The report, which is a statutory report of RBI's central board of directors, noted that the agriculture and allied activities faced headwinds from the uneven and deficient south-west monsoon (SWM) rainfall coinciding with strengthening El Nino conditions. The overall SWM rainfall in 2023 (June-September) was 6 per cent below long period average (LPA) at the all-India level. As per the second advance estimates, the production of kharif and r

MSPs ensured minimum return of 50% over production cost in 2023-24: RBI
Updated On : 30 May 2024 | 12:26 PM IST

UP govt ramps up wheat procurement centres to achieve 6 MT target

Payment for targeted purchase to cross Rs 13,000 crore

UP govt ramps up wheat procurement centres to achieve 6 MT target
Updated On : 11 Apr 2024 | 5:10 PM IST

BS Manthan: Explore contract farming, MSP law no solution, says agri expert

Business Standard Manthan 2024: Agri economist Ashok Gulati, while discussing the agriculture sector, suggested why alternative policy options such as contract farming are better than MSP

BS Manthan: Explore contract farming, MSP law no solution, says agri expert
Updated On : 28 Mar 2024 | 6:24 PM IST

Kisan Mazdoor Mahapanchayat: Farmers say stir to go on until demands met

The Central government has held multiple rounds of discussions with those who are holding forth in the state borders

Kisan Mazdoor Mahapanchayat: Farmers say stir to go on until demands met
Updated On : 14 Mar 2024 | 10:43 PM IST

Madhya Pradesh set to offer Rs 125 per quintal bonus over MSP on wheat

With the bonus, the official purchase price for wheat in MP will be Rs 2,400 per quintal

Madhya Pradesh set to offer Rs 125 per quintal bonus over MSP on wheat
Updated On : 12 Mar 2024 | 1:12 AM IST

Had govt brought law on MSP, farmers wouldn't be protesting again: Hooda

Congress leader Bhupinder Singh Hooda has said that farmers would not have been on a warpath with the government again had it brought a fourth law, alongside the three contentious agro-marketing legislations that were eventually repealed in 2021, to make buying farm produce below their MSPs an offence. The three 2020 laws that the government had said were essential for farm sector reforms were repealed in November 2021 after a prolonged farmers' protest spearheaded by the Samyukt Kisan Morcha. The agitating farmers were also demanding a law to grantee a minimum price for crops, but the government did not agree to this. Now, thousands of farmers from Punjab are again on the streets -- this time led by SKM's splinter group Samyukt Kisan Morcha (Non-Political) (SKM-NP) and the Kisan Mazdoor Morcha (KMM) -- demanding a legal guarantee for MSP for crops and farm-debt waiver. The have been camping out at the two border points -- Shambhu and Khanauri -- on Punjab-Haryana border for past .

Had govt brought law on MSP, farmers wouldn't be protesting again: Hooda
Updated On : 03 Mar 2024 | 9:22 AM IST

Farmers promise peaceful protest, Centre says must continue discussions

Farmers protest latest news: Centre has estimated that nearly 14,000 people have gathered along the Punjab-Haryana border with 1,200 tractor-trolleys, 300 cars, 10 mini-buses as well as small vehicles

Farmers promise peaceful protest, Centre says must continue discussions
Updated On : 21 Feb 2024 | 9:46 AM IST

Opportunity lost

Farmers' rejection of govt scheme is disappointing

Opportunity lost
Updated On : 20 Feb 2024 | 10:37 PM IST

Five crops at MSP for five years: Centre's offer to protesting farmers

The fourth round of talks between farmers and Union ministers concluded late Sunday night

Five crops at MSP for five years: Centre's offer to protesting farmers
Updated On : 20 Feb 2024 | 12:19 AM IST

Rs 10 trn projects in UP: Urgent need to make farmers market-ready, says PM

His remarks are particularly significant given the ongoing protests by Punjab farmers, who are demanding a law guaranteeing the minimum support price (MSP) mechanism

Rs 10 trn projects in UP: Urgent need to make farmers market-ready, says PM
Updated On : 19 Feb 2024 | 10:17 PM IST

Haryana Police fire tear gas shells as farmers gather at Shambhu border

Haryana Police on Friday fired tear gas shells to disperse protesting farmers when they moved towards the barricades at the Shambhu border near Ambala. The fresh confrontation comes on the fourth day of the farmers' 'Delhi Chalo' march to demand a legal guarantee for minimum support price (MSP) for crops. Protesting farmers from Punjab have stayed put at the Shambhu and Khanauri -- two points on the state's border with Haryana. There were clashes between the farmers and Haryana Police personnel on the first two days of the protest as well. The Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha had given the call for the 'Delhi Chalo' march to press the BJP-led central government to accept their demands. The farmers from Punjab began their march to the national capital on Tuesday but were stopped by security personnel at the Shambhu and Khanauri border points. Besides a legal guarantee of MSP, the farmers are demanding the implementation of the Swaminathan Commissi

Haryana Police fire tear gas shells as farmers gather at Shambhu border
Updated On : 16 Feb 2024 | 6:31 PM IST

Congress will give legal guarantee of MSP to every farmer: Rahul Gandhi

Farmer protests in Delhi: Rahul Gandhi said that the MSP will be given according to the recommendations of the Swaminathan Commission

Congress will give legal guarantee of MSP to every farmer: Rahul Gandhi
Updated On : 13 Feb 2024 | 4:47 PM IST

'Delhi Chalo': People are ready, waiting for direction, says farmer leader

Ahead of the 'Delhi Chalo' protest by farmers on Tuesday, farmer leader Lakhwinder Singh said that the people are ready adding that as soon as they get the direction, they will march forward

'Delhi Chalo': People are ready, waiting for direction, says farmer leader
Updated On : 13 Feb 2024 | 10:49 AM IST

Farmers set to march towards Delhi, Punjab-Haryana borders fortified

Farmers will march towards Delhi on Tuesday after a meeting with two Union ministers over their demands, including legal guarantee to MSP for crops, remained inconclusive. Authorities in Haryana have fortified the state's borders with Punjab at many places in Ambala, Jind, Fatehabad, Kurukshetra and Sirsa using concrete blocks, iron nails and barbed wire to scuttle the proposed march. The Haryana government has also imposed restrictions under Section 144 of the CrPC in as many as 15 districts, prohibiting the assembly of five or more people and banning any kind of demonstration or march with tractor trolleys. The Samyukta Kisan Morcha (Non-Political) and the Kisan Mazdoor Morcha have announced that farmers will head to Delhi on Tuesday to press the Centre to accept their demands, including the enactment of a law to guarantee a Minimum Support Price (MSP) for crops. The farmers have announced to start the march at 10 am. They plan to head to Delhi from the Ambala-Shambhu, Khanauri-J

Farmers set to march towards Delhi, Punjab-Haryana borders fortified
Updated On : 13 Feb 2024 | 9:33 AM IST

Union ministers talk with farm leaders, farmers demand guarantee to MSP

A team of Union ministers on Monday evening held talks here with farmer leaders in a bid to dissuade them from their 'Delhi Chalo' march, and the Centre is learnt to have agreed to withdraw the cases against the farmers registered during the 2020-21 agitation. However, sources said farmer leaders were adamant on a legal guarantee to minimum support price for crops, which is one of their key demands. The ministers -- Food and Consumer Affairs Minister Piyush Goyal and Agriculture Minister Arjun Munda -- held the second round of talks with the farmer leaders at the Mahatma Gandhi State Institute of Public Administration in Sector 26. Samyukta Kisan Morcha (Non-Political) leader Jagjit Singh Dallewal and Kisan Mazdoor Sangharsh Committee general secretary Sarwan Singh Pandher, among others, were part of the meeting, which began at around 6:30 pm. The meeting continued till late night. During the meeting, the delegation of the Centre is learnt to have agreed to withdraw the cases agai

Union ministers talk with farm leaders, farmers demand guarantee to MSP
Updated On : 13 Feb 2024 | 7:02 AM IST

India set to become largest lentil producer in 2023-24 crop yr: Official

Says pitching for self-sufficiency in pulses, but imports will have to continue for sometime

India set to become largest lentil producer in 2023-24 crop yr: Official
Updated On : 12 Jan 2024 | 11:19 PM IST

Union cabinet approves increase in copra MSP for upcoming 2024 season

The agriculture ministry said that the MSP for the 2024 season has been hiked by Rs 300 per quintal for milling copra and Rs 250 per quintal for ball copra over the previous season

Union cabinet approves increase in copra MSP for upcoming 2024 season
Updated On : 27 Dec 2023 | 5:40 PM IST

Proposal in works to buy 100K tonnes of maize at minimum support price

Broad contours of the purchase plan have been discussed

Proposal in works to buy 100K tonnes of maize at minimum support price
Updated On : 07 Dec 2023 | 11:20 PM IST