NITI Aayog, Agri ministry, states to work on boosting MSP: Arun Jaitley

On corporation tax, FM argues that a reduction in rates is possible only when exemptions are phased out

A day after presenting Union Budget 2018, finance minister Arun Jaitley reiterated his government’s commitment to providing minimum support price (MSP) equal to 50 per cent in excess of the production cost.

“There is a lot of stress in rural India. It requires government support. The minimum support price (MSP) has to be reasonable,” said Jaitley. “The exact formulation of the scheme will be worked out by the ministry of agriculture, NITI Aayog and state governments,” he added. 

Jaitley was speaking at an interactive session organised by Open magazine.

The Budget also saw the unveiling of the government’s ambitious health insurance scheme.