ForumIAS LATEST
- 24 May |UPSC Prelims 2026 Paper Solved LIVE | GS Paper Detailed Discussion | ForumIAS Click Here →
- 17 May | ABC of Indian Sociology Series | 'H' = HAROLD COULD | Sociology Optional Simplified Click Here →
- 15 May | If You Are Giving Prelims 2026, Watch This Before Entering the Exam Hall Click Here to listen to Ayush Sir's advice →
- Government has increased the minimum selling price (MSP) of sugar to support the oversupply hit sugar industry.
- MSP is the minimum price paid to the farmers for procuring food crops.It is announced by the Government at the beginning of the sowing season.
- There are two objectives of the Minimum Support Price system (a)To prevent distress sale by the farmer in case of a bumper crop (b) To procure the grains for public distribution by fair price shops.
- They are recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by Cabinet Committee on Economic Affairs.
- Food Corporation of India(FCI) is the nodal agency for procurement along with State agencies.
