The minimum support price (MSP) is an agricultural product price set by the Government of India to purchase directly from the farmer. This rate is to safeguard the farmer to a minimum profit for the harvest, if the open market has lesser price than the cost incurred. The Indian government sets the price for 23 commodities twice a year.
The seventh round of talks between farmers' unions and the central government on farm laws began on January 04. Government and the..