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Prelims Current Affairs Quiz

UPSC Prelims Current Affairs

UPSC Mains Current Affairs

January 2026

Current Affairs

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Market Price Support

Market Price Support (MPS) is a government intervention strategy. It aims to stabilise prices for agricultural products. MPS helps farmers by ensuring they receive a minimum price. This support can prevent market fluctuations. It encourages production and secures farmers' livelihoods. However, it may lead to overproduction. Critics argue it distorts market signals. MPS is a aspect of agricultural policy in many countries.

Indian Farmers Face Historic Implicit Taxation

In 2023. farmers experienced the highest level of implicit taxation globally, amounting to $120 billion. This was revealed in the latest OECD assessment of agricultural policies. The Government...

November 9, 2024