Madhya Pradesh Extends All Schemes Until the Next Budget | 02 Jul 2024
Why in News?
According to the Madhya Pradesh Deputy Chief Minister Jadish Devda, the ongoing schemes will be continued in the forthcoming Budget, on 3rd July 2024.
Key Points
- According to the officials the session will feature 14 sittings, beginning on 3rd July and concluding on 19th July, 2024.
- Various issues are expected to be discussed including the alleged nursing college scam and the Minimum Support Price (MSP) for crops.
- The Central Bureau of Investigation (CBI) is probing the alleged nursing college scam pertaining to gross irregularities in the functioning of several nursing colleges that lacked infrastructure while some existed only on paper.
Minimum Support Price
- MSP is the guaranteed amount paid to farmers when the government buys their produce.
- MSP is based on the recommendations of the Commission for Agricultural Costs and Prices (CACP), which considers various factors such as cost of production, demand and supply, market price trends, inter-crop price parity, etc.
- CACP is an attached office of the Ministry of Agriculture and Farmers Welfare. It came into existence in January 1965.
- The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister of India takes the final decision (approve) on the level of MSPs.
- The MSP is aimed at ensuring remunerative prices to growers for their produce and encouraging Crop Diversification.
Central Bureau of Investigation (CBI)
- It is the premier investigating police agency in India.
- It provides assistance to the Central Vigilance Commission and Lokpal.
- It functions under the superintendence of the Department of Personnel, Ministry of Personnel, Pension & Public Grievances, Government of India - which falls under the prime minister’s office.
- However, for investigations of offences under the Prevention of Corruption Act, 1988 its superintendence vests with the Central Vigilance Commission.
- It is also the nodal police agency in India which coordinates investigations on behalf of Interpol Member countries.
- Its conviction rate is as high as 65 to 70% and it is comparable to the best investigation agencies in the world.