Put viable mechanism for fixing crop prices in place: Badal

Image
Press Trust of India Dhuri (Punjab)
Last Updated : Jun 01 2015 | 7:22 PM IST
Punjab Chief Minister Parkash Singh Badal today asked the central government to put in place a viable mechanism on the lines of Swaminathan formula for fixing crop prices, saying current mechanism for determining prices was "absurd".
Stating this here in Dhuri assembly segment, the Chief Minister said the Union government must adopt some appropriate formula as proposed by the renowned agri-scientist M S Swaminathan for fixing the prices of crops in the country to save farmers.
He said the existing formula of the fixing the prices was "absurd" and had "insignificant" relevance in the present scenario.
Badal bemoaned as per the existing formula the farmers were not even considered on par with the skilled labour, which was sheer injustice with them.
"Due to the flaws in the existing price fixation policy, the gap between input cost and income of the farmers has further widened, which has made agriculture an absolutely non-profitable and un-remunerative venture" he added.
The Chief Minister further said that the state government had recommended the cost of the Rabi crop for the year 2015-16 to the Union government, while keeping in view the market price of the various inputs like seeds, fertilisers, insecticides, pesticides, irrigation and labour along with various other factors including the marketing expenditure and weather risks.
He said state government has recommended to the Centre a minimum support price of Rs 1,950 for wheat, Rs 1,640 for barley, Rs 3,800 for gram and Rs 3,600 per quintal for mustard.
"We have proposed the hike in MSP after determining the input costs of the Rabi crops for which agricultural experts had thoroughly analyzed the current situation" added Badal.
On the proposed visit of Prime Minister Narendra Modi to Anandpur Sahib, the Chief Minister said that he had personally extended invitation to Modi for attending the celebrations of 350th foundation day of Anandpur Sahib, which was accepted by him.
He said that there was no other purpose of the Prime Minister's visit to Anandpur Sahib adding that he was just coming to be a part of this mega event.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2015 | 7:22 PM IST

Next Story