The Minimum Support Price (MSP) for Paddy, Pulses, and Oilseeds has been Raised

The MSPs for toria and de-husked coconut are based on the MSPs for rapeseed/mustard and copra, respectively.
Sheena

Updated: Jun 15, 2021 02:27:43 pm

15 June 2021 Current Affairs:The Central Government has increased the Minimum Support Price (MSP) for Paddy, Pulses, and Oilseeds in order to encourage crop diversification.

Highlights:
♦ Minimum Support Price (MSP) is the price at which the government buys crops from farmers.
♦ It is based on a calculation of at least one-and-a-half times the farmers' production costs.
♦ The Commission for Agricultural Costs and Prices (CACP) recommends minimum support prices (MSPs) for 22 mandated crops, as well as a fair and remunerative price (FRP) for sugarcane.
♦ CACP is a branch of the Ministry of Agriculture and Farmers Welfare.
♦ The mandated crops include 14 kharif crops, 6 rabi crops, and two other commercial crops.
♦ The MSPs for toria and de-husked coconut are based on the MSPs for rapeseed/mustard and copra, respectively.

CACP fixes MSP based on:
♦ The commodity's supply and demand situation 
♦ Market price trends (domestic and global) 
♦ Consumer implications (inflation)
♦ The environment (soil and water use)
♦ Trade terms between the agricultural and non-agricultural sectors.
 
Free Current Affairs to Your Email

Latest Current Affairs 2021

Sports

National Women Online Chess Title for Vantika

Aug 02,2021 10:23:45 am
Vantika Agarwal has won the National Women Online Chess title for this year.
Fresherslive . 7 hours ago
Business & Economy

IFSCA Regulations 2021 - Financial Services

Aug 02,2021 10:21:58 am
The proposed regulations also allow registered capital market intermediaries to conduct cross-border business in Indian and foreign capital markets.
Fresherslive . 8 hours ago
Science & Technology

AI for All by Intel with CBSE

Aug 02,2021 10:19:35 am
In view of Intel's AI For Citizens program, AI For All is a 4-hour, self-guided learning program that demystifies AI in a comprehensive way.
Fresherslive . 8 hours ago
Indian Affairs

Mission Niryatak Bano by Rajasthan Government

Aug 02,2021 10:17:05 am
The mission is pointed toward enrolling and handholding the neighborhood dealers willing to grow their business to unfamiliar nations, in six stages.
Fresherslive . 8 hours ago
Appointments / Resign

Noopur Chaturvedi as CEO of Bharat Bill Payment

Aug 02,2021 10:14:42 am
Chaturvedi, preceding this arrangement, was the nation head for little and medium organizations at PayU.
Fresherslive . 8 hours ago
Awards and Honours

Asha Bhosle to get Maharashtra Bhushan

Aug 02,2021 10:06:32 am
The Maharashtra Bhushan Choice Board of trustees led by Boss Pastor Uddhav Thackeray has collectively chosen unbelievable playback vocalist Asha Bhosle for the lofty honor.
Fresherslive . 8 hours ago
Awards and Honours

Anand Radhakrishnan Won Will Eisner Comic Award

Aug 02,2021 10:03:35 am
The Eisners are named out of appreciation for the spearheading essayist and craftsman Will Eisner.
Fresherslive . 8 hours ago
International

Two New Heritage Sites in Spain

Aug 02,2021 09:55:21 am
The notable Paseo del Prado avenue and Retiro Park of Madrid, in Spain, has been allowed the situation with UNESCO World Legacy Locales.
Fresherslive . 8 hours ago
Awards and Honours

Vaidehi Dongre Crowned as Miss India USA

Aug 02,2021 09:54:39 am
Vaidehi Dongre, a 25-year-old young lady from Michigan, has been delegated Miss India USA 2021 at the excellence event.
Fresherslive . 8 hours ago
International

CORPAT Between India and Indonesia Begins

Aug 02,2021 09:52:29 am
India and Indonesia have been directing the Organized Watches along the Worldwide Sea Limit Line (IMBL) since 2002 two times per year.
Fresherslive . 8 hours ago

Daily Current Affairs 2021


Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2021 August

August 02
News Quiz

Current Affairs 2021 July

July 30
News Quiz
July 29
News Quiz
July 27
News Quiz
July 26
News Quiz

Current Affairs 2021 June

June 30
News Quiz
June 29
News Quiz
June 26
News Quiz
June 24
News Quiz