MSPs for many crops are already higher than 1.5 times the paid-out costs and the estimated value of family labour
"Current MSP for various crops barely provides any returns to farmer," Yechury said
CCEA has approved Rs 100 per quintal hike in wheat MSP to Rs 1,625 per quintal for the 2016-17 rabi crop against Rs 1,525 per quintal last year
The government had fixed the MSP of common variety paddy at Rs 1,410 for 2015-16 kharif (summer) season