Legal guarantee for MSP could spell fiscal disaster, caution government officials ...Middle East

Providing legal guarantee for procurement of all crops at minimum support price could result in a fiscal disaster, govt sources said on Tuesday, while indicating their willingness to engage in dialogue with farmers groups. Pointing out how a legislation offering a guarantee was not feasible, officials argued that value of agricultural produce in the country during FY20 was pegged at Rs 40 lakh crore, while the market value of the 24 crops that are part of MSP regime was estimated at Rs 10 lakh crore.

Hence then, the article about legal guarantee for msp could spell fiscal disaster caution government officials was published today ( Wednesday 14/02/2024 - 03:40 AM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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