Arun Jaitley in his 2018-19 Budget Speech had announced that Centre would guarantee a MSP which would be 50 per cent more than the cost of production
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/govts-decision-give-more-msp-farmers-may-impact-consumers-itc
[2] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/budget
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/farmers
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/food-process-industry
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agricultural-systems