This is the steepest hike since 2012-13, when the increase was 15.7%.
According to sources, the MSP of paddy (common grade) has been increased by Rs 200 to Rs 1,750 per quintal, while that of Grade A variety by Rs 160 per quintal to Rs 1,750. Briefing about the CCEA decision, Home Minister Rajnath Singhsaid the Cabinet has approved the MSP of 14 kharif (summer-sown) crops for the 2018-19 season. A crash in the prices of several farm commodities, especially pulses and oilseeds, in recent months has led to distress in the rural economy and triggered farmers' protests in several states. While paddy is the major kharif crop and is directly procured from farmers by the Food Corporation of India, there are no guaranteed mechanisms for procurement of most other crops. The move comes ahead of crucial elections in Madhya Pradesh and Chhattisgarh and the general elections due in 2019.
The opposition has been painting a picture of "their choice" on the job front because there is not sufficient data available on employment, says Prime MinisterNarendra Modi.
"We are going to take out a rally from Haridwar to the Parliament in Delhi on October 2 and will dump all our tractors in Delhi", Tikait said.
"The impact from these MSP hikes will be 35 basis points to headline inflation in the current fiscal year, and another 35 bps in the next", said Shubhada Rao, chief economist at Yes Bank. The MSPs were calculated and recommended by the statutory Commission on Agricultural Costs and Prices (CACP). As against to this, the government's formula used calculating the input cost considers only the sum of A2 and FL.
C2 costs - which is what the farm organisations want as the base for calculating MSP calculation - is the most comprehensive and accounts for all rentals and interest forgone on owned land and fixed capital assets respectively, on top of everything else in A2+FL. The MSP for bajra, or pearl millet, was hiked to Rs1,950, which is a raise of 97% over input costs of about Rs990.
Two critical after 'major incident' near poison site The Skripals spent weeks in a critical condition in the same hospital before recovering slowly and being discharged. Mr Rowley is a registered heroin addict and police and doctors initially thought the incident was drug-related.
Three suspects charged with kidnapping Halloween actor If convicted, Stewart and Jones face a maximum possible sentence of life with no possibility of parole, while Neal faces life. Jones is being held on $3 million bail, Stewart is being held on $2 million bail, and Neal is being held on $1 million bail.
"What's the use of a hike when we did not even get last year's MSP?" asked Purshotam Sontakke from a village in Wardha district in the western state of Maharashtra, who sold soybean at 2,700 rupees per 100 kg in 2017, 11 percent below the state-set price. Among oilseeds, MSP of soyabean has been increased to Rs 3,399 per quintal from Rs 3,050, while that of groundnut (shell) to Rs 4,890 per quintal from Rs 4,450, sunflower seed to Rs 5,388 per quintal from Rs 4,100, Sesamum to Rs 6,249 per quintal from 5,300 and niger seed to Rs 5,877 per quintal from Rs 4,050.
Reportedly, the MSP for paddy has been raised by around Rs 250 per quintal.
He said that the Prime Minister had reassured farmers that they will get one-and-a-half times the input cost for their crops, and the Cabinet decision ensures that.
The MSP of cotton (medium staple) has been increased to Rs 5,150 from Rs 4,020.
For pulses, the year-on-year hike for MSP was 4% for arhar, 25% for moong, and 3.7% increase for urad.
"When MSPs were much lower earlier, the government could not protect these declared support prices. They are simply doing what every government does in an election year". But that's also easy to bungle up.
There was something old, something new and something blue on show on Monday as Serena Williams swapped the skin-tight catsuit that caused a stir in Paris for a more conservative look on her return to Wimbledon for the first time since becoming a mum.
It will be one of 75 pledges in a government plan, along with an $8million fund, to tackle issues revealed in the survey. The survey, which had over 108,000 respondents, shows LGBT people are experiencing prejudice on a daily basis.
In a blog post , Coinbase said that "Custody" received its first deposit last week will continue to onboard new clients. The cold storage system in particular has undergone "rigorous penetration testing" and a cryptographic design review.
The Chinese spokesperson said that Beijing was well prepared to take the necessary measures if the tariffs came into force. Giving China Mobile access to the USA telecommunications market could lead to a spike in Chinese spying, it said .
Susan Collins (R-ME) coat hangers in an effort to push her to vote down any Supreme Court nominee who would overturn Roe v. Eager to build suspense, Trump wouldn't divulge whom he's talking to in advance of his big announcement, set for July 9.
Grant represented the England national team at various youth levels, but has never been selected for the Three Lions' senior side. Bringing in Grant will allow Pereira to move away on a temporary spell and gain some valuable first-team experience elsewhere.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.03 percent after declining 0.4 percent the previous day. The euro was off by 0.1 percent at $1.16450 EUR= while the dollar was good for 110.52 yen JPY= , down 0.1 percent.
Law enforcement officials used pepper spray and pepper balls to disperse protesters and counter-protesters who were clashing. Saturday's protests follow previous confrontations between Patriot Prayer and anti-fascist groups in Oregon's largest city.
Steph Curry Announced Some Major Personal News On Instagram
National Basketball Association superstar Stephen Curry and his wife, Ayesha , shared photos of their new baby boy on Wednesday. Steph shared a different, color photo of Canon with the message, "On this journey, on this quest. protect me.
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The signing of Hezonja ensures that Knox won't just be thrust into the starting role and given a sink or swim ultimatum. Thankfully for the New York Knicks , the David Fizdale Effect is already being felt in his first offseason at the helm.
Miki Sudo downs 37 dogs to win fifth women's title
Chestnut said he had "a vision" for this year's win, and seemed to be unfatigued after "10 minutes of work". The contest will take place July 4 at Nathan's Famous restaurant at Coney Island, New York .
Exciting progress in development of artifical ‘ovaries’
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Why I visited African Shrine - Macron
Let me remind you that this place - shrine is a music place as well as politics which is needed to change the society. He said France planned to launch a season of events meant to be "the face of African culture in Europe".