Prime Minister Narendra Modi with agriculture minister Radha Mohan Singh at the conference on doubling farmers’ income in New Delhi on Tuesday. “We have already announced steps like fixing MSPs at 50% over costs of cultivation and are working with state governments to ensure that higher MSPs benefit farmers,” Modi said. The Prime Minister’s speech comes in the backdrop of the government’s stated goal to double real farm incomes between 2015-16 and 2022-23, amid stagnant revenues due to a collapse in crop prices. On the recommendations from the focused groups of academicians, farmers, officials and state government representatives, Modi said that his government will take them forward. “All the steps that the prime minister enumerated in his speech to double farmers’ income are steps in the right direction, and they will surely help farmers.

Source: Mint February 20, 2018 18:22 UTC