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Tag: Minimum Support Prices (MSPs) for all kharif

Nitin Gadkari Denies Reports on Reduction of MSP

Nitin Gadkari Denies Reports on Reduction of MSP
Minister dubs such reports malicious and false
Gadkari stands for looking at ways to increase farmers income by finding alternative usage of their crops yielding them better returns
Union Minister of Road Transport & Highways and MSME Shri Nitin Gadkari has vehemently denied the reports in a section of media which have falsely quoted him as having said that MSP is likely to be reduced. He dubbed such reports not only as false but also malicious. Making a statement on the issue, Shri Gadkari has said that he always stood and advocated looking for various ways & means to increase farmers’ income including through alternative usage of their crops like paddy/rice, wheat, sugarcane. The Minister went on to assert that he himself was present when increase in MSP was announced hence there was no question of him standing for MSP reduction.
He expressed that providing better income to farmers was always the priority of the Government of India and it is in the same spirit that MSP has been raised. He further emphasised the need for exploring changes in crop pattern to provide better prices to farmers, for example growing edible oil seeds holds bright prospects since India spends about Rs 90000 crore on its import. Similarly, production of ethanol from rice/paddy/wheat/ corns will also not only give them better returns but also help save on import bill. Besides, these Biofuels are also more environment friendly, Shri Gadkari underlined.

Modi Govt Gives Historic Boost for Farmer’s Income

[New Delhi]Centre Gives Major Boost for Farmer’s Income
MSP of Ragi is raised by Rs.997 per quintal
MSP of Common Paddy is increased by Rs.200 per quintal
Giving a major boost for the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops for 2018-19 Season.
The decision of the CCEA is a historic one as it redeems the promise of the pre-determined principle of fixing the MSPs at a level of at least 150 percent of the cost of production announced by the Union Budget for 2018-19. The Commission for Agricultural Costs and Prices (CACP) has recommended MSPs for all kharif crops broadly in line with the announced principle.