Harish Damodaran, Rural Affairs & Agri Editor at The Indian Express, on Saturday said legalising Minimum Support Price (MSP) is very retrograde and completely anti-market.
This comes as the fifth round of talks between the Kisan union leaders and the Centre is currently underway with the farmers twice in the duration of the meeting having threatened a walkout. The Modi government stays non-committal on demand for rollback of farm laws, and MSP guarantee.
Damodaran believes that it would make sense for the government to repeal the farm laws rather than come out with a dangerous law.
"Rather than coming out with a dangerous law that says that MSP would be made a legal right -- that will kill the entire private trade, it would be better to retreat for the government. It makes sense to cut your losses at this time as farmers are not going to give away. So, if I was the government, I will repeal these laws. Coming to MSP, I will put up a committee and see the feasibility," he said.For full interview, watch video.