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The polity haw wage a incentive of Rs 50 to paddy farmers over and above the peak hold toll (MSP) of Rs 850 per quintal in 2008. The improve in acquisition toll is probable to be declared incoming week, a crowning polity authorised said on Monday. The Prime Minister’s Economic Advisory Council had early advisable that the MSP be immobile at Rs 900 per quintal. The advise is aimed at extending a serving assistance to farmers, the authorised added.

The Cabinet, in its gathering on August 21, authorised the hold prices for different kharif crops, including paddy. It had, on June 12, declared an ad hoc MSP for paddy at Rs 850 a quintal. However, it referred the concern to the Prime Minister’s Economic Advisory Council as the gray states, which are field producers of rice, demanded a improve in the MSP to Rs 1,000 a quintal, on a par with that of wheat.

The Commission for Agricultural Costs and Prices (CACP), which recommends the MSP for different crops, had advisable that the polity improve the MSP of paddy to Rs 1,000 a quintal for the 2008-09 season. In 2007, the MSP of paddy, including bonus, was Rs 745 per quintal and Rs 775 for ordinary and Grade A varieties.

The MSPs for maize, jowar and bajra hit today been immobile at Rs 840 per quintal each, patch the MSP for material is Rs 2,500 a quintal for job staple, and Rs 3,000 for daylong staple. Meanwhile, the areas low paddy in the current kharif flavour chromatic to 373.51 lakh hectare dirt Sept 19, compared with 361.81 lakh hectare in the year-ago period. An authorised maker said the expanse would outgo the five-year cipher of 389.66 lakh hectare in 2008.

—PTI

Tags: acreage, august 21, cacp, economic advisory council, farmers, government official, hectare, helping hand, jowar, kharif crops, kharif season, msps, prime minister, procurement price, pti, quintal, rs 1, southern states, staple, wheat
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