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UPSC Essentials: Weekly news express — Holy Relics of Lord Buddha to Agnipath

The Indian Express’ UPSC weekly news express covers the most important topics of current affairs news from this week to help you prepare for UPSC-CSE.

14 of 15 states had asked for higher MSP for paddy than what the Centre announced

Syllabus:

Preliminary Examination: Economic and Social Development

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Mains Examination: General Studies III: Issues related to direct and indirect farm subsidies and minimum support prices

Why in news?

MSP is the most common yet essential term seen often in news related to the agricultural economy. Recently, the Centre announced the MSP at the rate of Rs 2,040 per quintal for paddy (Common) and Rs 2,060 per quintal for paddy (Grade A) for the kharif marketing season 2022-23. Fourteen of 15 states had asked for higher MSP for paddy than what the Centre had announced. Paddy, a principal crop of the kharif season, is grown on one-third of the entire area…

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