Union Government on 12 July 2016 constituted a high-level committee to review the minimum support price (MSP) and bonus for pulses.
The committee will be headed by Chief Economic Adviser Arvind Subramanian. It has been asked to submit its report within two weeks.
Cause of action of the panel
• It will look into various options to frame a long-term policy on pulses to tackle shortage.
• It will suggest an appropriate policy to promote cultivation of lentils in India.
• It will find the measure to contain the rising prices of pulses in the country.
The decision if setting a panel for the purpose was taken at a meeting which was chaired by Finance Minister Arun Jaitley who reviewed the availability of pulses and their prices.
Present status of Pulses in India
The production of pulses in India is expected to increase to 20 million tonnes in 2016-17 from 17 million tonnes in 2015-16. This increase has been caused by a sharp increase in MSP announced earlier, but it will still fall short of about 25 million tonnes needed annually.
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When: 12 July 2016