The Indian Government on 21st September 2020 declared an increases in the Minimum Support Price (MSP) for six rabi crops up to six percent for 2020-21. Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister approved the MSPs of six rabi crops. The Minimum Support Price (MSP) of wheat has been increased by Rs.
The Monsoon session of Lok Sabha passed the three agriculture bills which replaced the ordinances promulgated on 5th June 2020 – 1. The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 2. The Farmers’ (Empowerment and Protection) Agreement of Price Assurance and Farm Service Bill, 2020 3. The Essential Commodities (Amendment) Bill, 2020