India: FinMin presses agri ministry for reworking MSP procurement models

21 May 2018: The Centre had indicated funds wouldn’t be a constraint when it came to fulfilling the key announcement of developing a fool-proof procurement model for crops whose prices have fallen below the minimum support price (MSP). But, the finance ministry is learnt to have told the agriculture ministry that it won’t be possible to bear any annual expenditure which is more than Rs 200-250 billion in the long run.