This is a useful article and made me very curious regarding WTO commitments but it didn’t answer the questions it raised?
What does “would thus have to be capped at 10 per cent of the total value of the concerned product” mean?? Does it mean govt can pay only 10% higher than international prices? Then how is our wheat MSP around 1975 and international prices around 1400?? That is around 40% higher, how is indian govt able to defend this?? Or does it mean India will procure at MSP from only 10% farmers or only 10% of total production?? Or does it mean Indian govt can pay only 10% higher than the production cost to farmers?? All this is not explained. The author should understand he is talking to people who don’t know anything about these things… There’s huge scope of improvement in this.
Is mr. Shekhar Gupta listening??
Please Some one answer above question to have more clear view
This is a useful article and made me very curious regarding WTO commitments but it didn’t answer the questions it raised?
What does “would thus have to be capped at 10 per cent of the total value of the concerned product” mean?? Does it mean govt can pay only 10% higher than international prices? Then how is our wheat MSP around 1975 and international prices around 1400?? That is around 40% higher, how is indian govt able to defend this?? Or does it mean India will procure at MSP from only 10% farmers or only 10% of total production?? Or does it mean Indian govt can pay only 10% higher than the production cost to farmers?? All this is not explained. The author should understand he is talking to people who don’t know anything about these things… There’s huge scope of improvement in this.
Is mr. Shekhar Gupta listening??