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PM`s advisory body against raising paddy support price

Asit Ranjan Mishra & Siddharth Zarabi / New Delhi July 30, 2008, 0:02 IST Prime Minister Manmohan Singh's Economic Advisory Council (EAC) has rejected a recommendation by a government-appointed agricultural price fixing body to increase the minimum support price (MSP) for paddy to Rs 1,000 for the current Kharif season. Instead, the EAC has said the ad hoc price of Rs 850 for paddy declared by the Union Cabinet last month should be the final MSP for the 2008-09 season, sources told Business Standard.