Tag: Agricultural Policy

  • Fertiliser Subsidy Bill Set to Double Amid Global Supply Crunch: Impact on Indian Agriculture and Economy

    Introduction India’s agricultural sector is facing fresh challenges as rising global fertiliser prices and supply chain disruptions threaten to significantly increase the country’s fertiliser subsidy burden. According to recent estimates, the fertiliser subsidy bill could touch nearly ₹3.4 lakh crore, almost double the budgeted allocation, due to escalating international prices and supply shortages. The situation…

  • Minimum Support Price (MSP)

    Minimum Support Price (MSP)

    Ref: https://www.thehindu.com/news/national/watch-what-is-minimum-support-price/article67894764.ece Introduction: Recently, farmer groups have requested a legal assurance for the procurement of crops at Minimum Support Price (MSP). Minimum support price (MSP) was introduced in 1966-67 as part of agricultural reforms by the Central Government. Need for MSP How Does the Government Decide on the MSP? Three Kinds of Production Cost: Legal…