https://www.taxtmi.com/news?id=25883 Approval of increased Minimum Support Prices (MSP) for mandated Rabi crops for Marketing Season 2023-24 raises guaranteed procurement prices and specifies per crop absolute MSP increases and returns over cost. The adjustments implement the policy objective of setting MSPs at least 1.5 times the All India weighted average cost of production, with cost defined to include paid out costs, imputed family labour, depreciation and interest on working capital. The announcement ties MSP changes to production strategies and supporting measures including seed minikits and the Digital Agriculture Mission. en-us Tue, 18 Oct 2022 14:09:57 +0530 Tue, 18 Oct 2022 14:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25883 Approval of increased Minimum Support Prices (MSP) for mandated Rabi crops for Marketing Season 2023-24 raises guaranteed procurement prices and specifies per crop absolute MSP increases and returns over cost. The adjustments implement the policy objective of setting MSPs at least 1.5 times the All India weighted average cost of production, with cost defined to include paid out costs, imputed family labour, depreciation and interest on working capital. The announcement ties MSP changes to production strategies and supporting measures including seed minikits and the Digital Agriculture Mission. News - Tue, 18 Oct 2022 14:09:57 +0530 https://www.taxtmi.com/news?id=25883