Current Affairs - Agriculture - Discussion

The government has decided to sharply increase the Minimum Support Price (MSP) for Kharif crops, as it responds to concerns about distress in the country's farm economy despite two years of strong monsoons. The MSP for common variety paddy, the most important Kharif crop, will be raised by Rs 200 over last year's Rs 1,550 per quintal. That works out a 13%t increase for the financial year ended March 2019 compared to a 5.4% increase in FY18.