Ahead of Budget's presentation, Congress demands legal guarantee for MSP

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Ahead of Budget's presentation, Congress demands legal guarantee for MSP - Business Standard

Quick Summary:

A day before the presentation of the Union budget, the Congress on Monday said the Centre must make three important announcements of making MSP a legal guarantee, fix MSP on the basis of the Swaminathan formula and establish a permanent commission to monitor the implementation of farm loan waivers.

Congress general secretary in-charge Jairam Ramesh said that of all the "failures" of the central government, the "incompetence and ill-will" of the Ministry of Agriculture and Farmers' Welfare is the most damaging.

"While the UPA had raised the MSP of wheat by 119% and that of rice by 134%, the Modi government has raised it by 47% and 50% respectively.