2018-19 MSP for Kharif crops hiked

India Business Journal - - NEWS ROUND-UP -

The Naren­dra Modi gov­ern­ment has an­nounced 4 to 52 per cent in­creases in the min­i­mum sup­port prices (MSPs) for 14 Kharif crops for the 201819 sea­son. The gov­ern­ment has added that the new MSPs are 50 to 97 per cent higher

than the full paid-out costs (A2+FL, where A2 in­cludes all farm in­put costs and FL ac­counts for value of fam­ily

labour on farm) and are un­prece­dented and his­toric. The MSP hikes come a year be­fore the gen­eral elec­tion and is seen as step of mov­ing closer to the gov­ern­ment's in­ten­tion of dou­bling farmer' in­come.

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