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TNPSC Current Affairs November 2016 16

TNPSC Current Affairs 2016 November, 16

1.Center has increased Minimum supporting price (MSP) for RABI crops which is sown in Winter.

Prime minister Narendra modi who chairs the Cabinet Committee on Economic Affairs(CCEA) gave approval for increase the minimum support prieces for all Rabi Crops of 2016-17

About the increase:

There is a hike of Rs 100 per Quintal for Wheat so the current value will be Rs 1625 Per Quintal for Wheat in 2016-17 against 1,525 per Quintal last year

The Minimum Supporting Price  for Gram has increase from 3500 per Quintal to 400 per Quintal in 2016-17 and Masur has been increased to Rs 3950 per Quintal from 3400 per Quintal.

The others like barley there is 8.2 percent hike, rapesee, mustard 10.4 percent hike and safflower 12.1 percent hike from official spokesperson.

The increase in Minimum Supporting Price will encourage farmers to sow crops in Rabi season( winter season).

What is Minimum Supporting Price (MSP) ?

MSP (Minimum Supporting Price) is the price which Government purchase crops from farmers , whatever may be the price of crops

The government will fix the MSP in the beginning of the sowing the crops as per the recommendation of Commission of Agricultural cost and Price(CACP)

MSP(Minimum Supporting Price) will help the producer against fall of price during huge production, if the price is below MSP then the Government agencies will purchase the products for MSP. If the price is more than the MSP then the producer can sell it in Market price.

2. India And Israel signed in two important agreements 

India and Israel agreed to work together in areas in Agriculture and Water resource management. 

The visiting Israel President Reuven Rivlin and Prime minister Narendra Modi Said that both side will work to counter terrorism, radicalism and extremism.

Israel President Reuven Rivlin is the Second president to visit India in last 2 decades.


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