Panel: States’ bonuses on top of paddy MSP distorting markets – Times of India
NEW DELHI: Commission for Agricultural Costs and Prices (CACP), which recommends MSP for different agri-produce, has urged states not to announce bonus over MSP fixed by Centre for paddy as this "distorts the market". The recommendations have come at a time when several states are offering bonus over MSP or political parties have made this poll promise before getting elected.It made these recommendations in its latest 'Price Policy for Kharif Crop' report, which contains MSP for summer crops.It recommended that procurement of rice and wheat should be restricted in those states that impose high charges and pay bonus, in order to bring parity among states. Odisha is the latest state to announce bonus on MSP for paddy after BJP came to office this month."Unsustainable and uneconomical practic...