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Source: The post is based on the article “Explained: MSP and govt panel’s task” published in Indian Express on 20th July 2022.
What is the News?
The Government of India has constituted a committee to look into the issues of minimum support price(MSP), Natural Farming and Crop diversification.
Why has the committee been set up?
It has been constituted by the Ministry of Agriculture and Farmers Welfare as a follow-up to an announcement by the Prime Minister when he declared the government’s intention to withdraw the three farm laws.
The protesting farm unions had demanded a legal guarantee on MSP based on the Swaminathan Commission’s ‘C2+50% formula’ (C2 is a type of cost incurred by farmers;). This was in addition to their demand for repeal of the three farm laws.
What is the composition and purpose of the committee?
Tenure of the committee: Government does not specify the tenure of the committee. No deadline has been given for submitting its suggestions.
Why have the protesting farm unions opposed this committee?
Firstly, this committee includes members who supported the now-repealed farm laws.
Secondly, the terms and references of the committee do not mention the legal guarantee to MSP. Instead, it mentions making MSP more effective and transparent.
What is the Minimum Support Price(MSP)?
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