The Centre is not in favour of reworking the MSP for paddy or other crops, ET gathers. The agriculture ministry holds that the fixed MSP which provides at least 50% return over all India weighted average cost of production is a benefit to farmers across the country. Raising the price of crops simply to make them competitive with rice could result in a distortion of market prices and it would be inappropriate to resort to such a measure for one state.
In another U-turn on the disinvestment process of Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant, the Centre on Friday said that the process is in progress.