farmers law Flashcards
every percentage point increase in the MSP leads to a _____ basis point increase in inflation
15
what is the base year for inflation
The base year for WPI is 2011-12 while the base year for CPI is 2012
WPI data is published by the Office of Economic Adviser, Ministry of Commerce and Industry, while CPI data is published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
wholesale price index (WPI)
consumer price index (CPI)
when was msp first introduced
1966-
MSP is the minimum support price. It was first introduced in the 1966-67 season (July-June) for wheat, and it now covers 23 crops. It is announced weeks ahead of the Kharif and Rabi sowing seasons. It was introduced to incentivise farmers to grow food crops when India faced a shortage of foodgrains.
what was the first crop for which msp was introduced
wheat (kharif crop)
how many crops have msps and how many are procured in lage quantities
23 crops
wheat and rice
what is the green revolution
The Green Revolution was a period when agriculture in India was converted into an industrial system due to the adoption of modern methods and technology, such as the use of high yielding variety (HYV) seeds, tractors, irrigation facilities, pesticides, and fertilizers.
when did the green revolution begin
1960’s
The Green Revolution started in 1965 with the first introduction of High Yielding Variety (HYV) seeds in Indian agriculture. This was coupled with better and efficient irrigation and the correct use of fertilizers to boost the crop.
The Green revolution started in India started with its introduction in Punjab in 1966. It was part of a development program that was issued by the government of India along with international donor agencies.
when did the green revo. occur on a global revolution
The Green Revolution, or the Third Agricultural Revolution (after the Neolithic Revolution and the British Agricultural Revolution), is the set of research technology transfer initiatives occurring between 1950 and the late 1960s, that increased agricultural production in parts of the world, beginning most markedly in the late 1960s.
why is ms swaminathan called the father of the green revo.
In 1961, India was on the brink of mass famine. Norman Borlaug was invited to India by the adviser to the Indian Minister of Agriculture Dr. M. S. Swaminathan. Despite bureaucratic hurdles imposed by India’s grain monopolies, the Ford Foundation and Indian government collaborated to import wheat seed from the International Maize and Wheat Improvement Center (CIMMYT). The state of Punjab was selected by the Indian government to be the first site to try the new crops because of its reliable water supply, the presence of Indus plains which make it one of the most fertile plains on earth, and a history of agricultural success. India began its own Green Revolution program of plant breeding, irrigation development, and financing of agrochemicals.
India soon adopted ____—a semi-dwarf rice variety developed by the International Rice Research Institute (IRRI) and dubbed the “Miracle Rice.”
IR8
IR8 was also developed into Semi-dwarf IR36.
the government hold at least _________ of rice and wheat stocks in federal reserves while food security norms require 41.1 million tonnes in july and 30.7 million tonnes in october,
70 miliion
as per the nss - national sample survey what percentage of wheat and rice growers recieve msp
- 5% paddy growers
16. 2% of wheat growers
what was the initial price of wheat msp
₹54 per quintal
can msp be changed
msp once announced cannot be altered but it is not legally bounding on the government to pay msp
what is the CACP when was it formed
Commission for Agricultural Costs and Prices
Formed: 1 January 1965
the government fixes the MSP twice a year under the recommendations of
the cacp which submits reports recommending the prices of crops during the rabi and kharif crops
the msp must be at least ___________ the cost of production
1.5 times the production costs (at least 50% profit)
cacp a statutory body draws its power from
CACP is a statutory body formed under Agriculture Price Commission Act, 1962.
contribution of agriculture to gp
2018-19
17.6
2019-20
18.4
2020-21
20.2
Percentage Share of GVA of Agriculture and Allied sector to Total Economy
2018-19
17.6
2019-20
18.4
2020-21
20.2
Pradhan Mantri Krishi Sinchai Yojana (PMKSY)
Pradhan Mantri Krishi Sinchai Yojana is a national mission to improve farm productivity and ensure better utilization of the resources in the country. The budget of ₹53 billion in a time span of one year 2015-2016 has been allocated to this scheme.
The major objective of PMKSY is to achieve convergence of investments in irrigation at the field level, expand cultivable area under assured irrigation, improve on-farm water use efficiency to reduce wastage of water, enhance the adoption of precision-irrigation and other water saving technologies.
how many people are engaged in agriculture
Agriculture is the primary source of livelihood for about 58% of India’s population. Gross Value Added by agriculture, forestry, and fishing was estimated at Rs. 19.48 lakh crore (US$ 276.37 billion) in FY20.
msp is necessary to fullfil the provisions of the _________
nfsa 2013
National Food Security Act (NFSA), 2013
Notified on: 10th September, 2013.
Objective: To provide for food and nutritional security in the human life cycle approach, by ensuring access to adequate quantities of quality food at affordable prices to people to live a life with dignity.
Coverage: 75% of the rural population and upto 50% of the urban population for receiving subsidized foodgrains under Targeted Public Distribution System (TPDS).
in march 2021 the niti aayog recommended the reduction of coverage to 60% and 40% in rural and urban areas