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.
New Delhi, Sep 29 (PTI) The government has revised guidelines for crop residue management enabling ex-situ management of paddy straw and is also providing financial assistance on the capital cost of machinery, a senior agriculture ministry official said on Friday.