While minimum support prices (MSPs) are announced for 23 crops every year, public procurement is limited to a few such as paddy, wheat and pulses, and the procurement is also largely from a few states
2 min read14 Feb 2018A deficiency payments form of price support improves on procurement but is expensive and wasteful
4 min read14 Feb 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared