Minimum Support Price News

A massive tractor rally, burning effigy of the World Trade Organisation and observation of black Friday to condole the Death of Shubhkaran Singh, who died during the farmers' protest on the Khanuri border, in Sangrur district of Punjab, The farmers’ protest which started on 13 February is gaining momentum.

The protesting farmers have rejected the government’s proposal in its entirety and have decided to continue with the ‘Delhi Chalo’ March. On Sunday, the group of ministers entrusted to negotiate a truce with the protesting farmers met with members of the farmers’ union and proposed a plan guaranteeing minimum prices for some crops currently traded with no such safeguard. However, the farmers rejected the proposal terming it insufficient.

The former EAC-PM member also said India is unlikely to fall in the middle income trapBhalla said Modi govt is the most inclusive government that any country has seen in the past 4-5 years

In response to farmer angst, the government has hiked this minimum price but the MSP system still faces challenges.

Why are farmers protesting? There are long-term structural reasons as well as a short-term reason for it

The rice procurement target set for this year was 37 million tonnes

The low wholesale prices come in the wake of the third consecutive year of record harvest in 2018

While the sales growth situation looks promising for companies, this needs to trickle down to higher profit growth. About half of most FMCG companies' sales go towards meeting input costs

The Reserve Bank of India is clearly wary of the threats posed by a US-China trade war and volatile markets

Of the 15 economists surveyed by 'Mint', 12 expect RBI to raise its repo rate to 6.5% and only three expect a status quo at the 1 August MPC meeting