oppn parties MSP And Quality Of Food Grain

News Snippets

  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
oppn parties
MSP And Quality Of Food Grain

By A Special Correspondent
First publised on 2022-01-12 03:50:27

Do the farmers want to use their clout and bargaining power to do whatever they want? They are now protesting new rules which prescribe that the food grains purchased by the government under minimum support price (MSP) will have to meet certain standards. The Opposition, mainly the Congress, is doing a disservice to the nation by egging them on.

The draft rules prescribe new standards for moisture content, limit of foreign matter, damaged and discoloured grains and broken and shriveled grains. For wheat, moisture content will now have to be within 12%(14% earlier), foreign matter within 0.5%(0.75), damaged grains within 2%(4%) and broken and shriveled grain within 4%(6%). Similar adjustments have been prescribed for paddy and rice.

The farmers say this administrative fiat is just a ruse to deny them MSP since the farm laws had failed. The government says that it cannot be expected to buy sub-standard grains at MSP. Economic sense also dictates that not all grains be purchased at MSP. Sellers must adhere to quality control and expect better price for better quality. Further, it will also act as a disincentive for those who produce better quality if sub-standard grains are purchased at the same price.

The farmers have to realize that the MSP is a shield for them to escape the vagaries of the open market and possible domination by unscrupulous traders who can form a cartel to subdue prices and cheat farmers. It is not a mechanism through which they can grow sub standard products and dump them on the government. In fact, it makes sense to have a MSP system where global standard produce is procured.

Although the farmers have lodged their protest, the government has said that these are draft rules and it will move forward on this proposal only after a consensus emerges among states on this issue. In a meeting chaired by the FCI chairman, state food secretaries were asked to get concerned state departments in charge of procurement to engage farmers, millers, and other stakeholders in a discussion at the state level on proposed new norms of procurement. Some states have submitted several important suggestions.  Hence, the issue should not be politicized.

picture courtesy:financialexpress.com