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ModigovernmentcutsMSPofseven
minorforestproduceitems
ByNidhiSharma,ETBureau|Updated:Dec21,2016,12.27AMIST

PostaCom m ent

READMOREONVKishoreChandraDeo|TribalAffairs|MSP|MahatmaGandhi|JualOram

NEWDELHI:TheModigovernmenthas
slashedtheminimumsupportpriceofseven
ofthe11productscoveredunderminorforest
producecollectedbytribalsinremoteforest
areas.

Thedecisioncomesthreeyearsafterthe
SPOTLIGHT
previousCongressledUPAgovernment
YearEndSpecial
Education
fixedtheMSPfortheseproductsforthefirst
time.
ExtribalaffairsministerVKishoreChandraDeo,whohad

introducedthescheme,said:MSPshouldonlyincrease.We
Thedecisionhadtobetakenbecause
hadworkedoutaformulawhereMSPisautomatically
MSPshadbeenfixedonthehighersideand increased.ReducingMSPishurtingtheweakestandmost
vulnerable.
neededtoberationalised.Fromnow,the
priceswouldonlyincrease,TribalAffairs
MinisterJualOramtoldET.

TheMSPhasbeenreducedtolessthanhalffortwoproductsranginilac(reducedfromRs
Rewind2016:Deathandlossin ClassXCBSEBoardexamsset
230perkgtoRs100)andkusumilac(reducedfromRs320perkgtoRs150perkg).The
theyearthatwas
tobebackfrom2018
MSPremainsthesamefortwoproducts(gumkarayaandsalseed)whileithasbeen
2016hasbeenayearoflossand
HRDMinisterPrakashJavadekarhasinthe
increased13.6%inthecaseofhoney,fromRs132perkgtoRs150perkg.
suffering.FromHarperLeetoLeonard
pastfavouredmakingBoardexam

Cohen,theworldlostsomeofitsgreatest
compulsoryforCBSEstudentsasisthe
Thescheme,whichhadbeenconceivedasthenextMahatmaGandhiNationalRural
legends.
practiceinallstateboards.
EmploymentGuaranteeScheme(MGNREGS)andawelfareprogrammetocover100
FromBrexit2016toBrexit2017
IFCinvests$15millioninByju's
10objectsthatmadenewsin2016
GlobalpushforIITsrunsintofinancial
milliontribals,wasrolledoutattheendof201314intribaldominatedScheduleVarea
hurdles
states.Itscoreobjectivewastoobliteratetheintermediariesandreachtribalsdirectly.

OfficialssaidthedecisiontoreducetheMSPhasbeentakeninviewofdemandsfromstate
governments,whichhadbeenincurringseverelossesunderthescheme.

Underthescheme,thestateagenciesputupweighingscalesatthevillagehaatsand
acquiresproduceattheMSP.Incasetheseagenciesrunintolossessellingminorforest
produce,thetribalaffairsministryhastomakegoodthelosses,whicharesharedina75:25
ratio,withtheCentrebearing75%ofthelosses.

Accordingtodataprovidedbytheministry,thestatesacquiredminorforestproduceworth
Most
Most
Most
Rs62crorebutmanagedtosellitforjustRs27crore,takingahitofmorethan50%.Some
Read
Shared
Commented

PMModiinspiredbyNarasimhaRao?Govtheralds
welfareschemeswithJanDhan,insuranceforpoor

MSPswereunrealisticallyhigh.Thescenarioforlac,specifically,changed.Earlierithada
veryhighexportdemand,butnotrightnow.

Demonetisation:ChandrababuNaiduledpanel
seekscutincardtransactioncharges

CallingModi'snotebanmovedespoticiscuckoo
cloudstuff

saidanofficial.

ITraidatTamilNaduChiefSecretary'sresidencein
Chennai

ExtribalaffairsministerVKishoreChandraDeo,whohadintroducedthescheme,said:

RBIexemptsKYCcompliantaccountsfrom
interrogation,singledepositrule
More

ThisiswhytheMSPshadtobereduced,otherwisethesystemwouldhavebeenunviable,

MSPshouldonlyincrease.WehadworkedoutaformulawhereMSPisautomatically
increased.ReducingMSPishurtingtheweakestandmostvulnerable.

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