How can the Indian government ensure legal backing for Minimum Support Price (MSP) to address concerns raised by the opposition
Critical view on legal framework for MSP
To provide legal backing for Minimum Support Price (MSP) in India, the government can consider the following points to address concerns raised by the opposition:
- Enact a separate legislation specifically detailing the mechanism of MSP implementation and enforcement.
- Include provisions for periodic review and revision of MSP based on cost of production and market conditions.
- Establish an independent body to monitor and regulate MSP implementation to ensure transparency and accountability.
- Define clear penalties for violations of MSP regulations to deter potential misconduct.
- Conduct regular audits and assessments to evaluate the effectiveness of the MSP legal framework and make necessary improvements.
Answered
9 months ago