BIG NEWS
- Lok Sabha Panel Finds Cash Allegations Against Justice Varma 'Proved'
- Karnataka Cabinet Overhaul: D.K. Shivakumar Keeps Finance and Law, Inducts Nine First-Timers
- 2 US states proclaim August 15 as India Independence Day
- SC to hear Tamil Nadu’s plea on Cauvery water dispute on 17 August
- Tata Sons Chairman N Chandrasekaran steps down, to serve out term till February
- Jharkhand exam stir enters 19th day, students vow to intensify agitation
- Adani Dharavi Project Faces Setbacks Over Deonar Landfill Delays and Rehabilitation Concerns
- Ayodhya Ram Mandir Trust Narrows Down First CEO Race to Top 3
- FSSAI Bans Plastic and Aluminium Foil Packaging for Pan Masala
- Air India CEO Summoned Over Phuket-Delhi Flight Incident
Govt hikes these Rabi Crops MSP
Public Lokpal
October 18, 2022
Govt hikes these Rabi Crops MSP
New Delhi: The government on Tuesday hiked the minimum support price for wheat by Rs 110 to Rs 2,125 per quintal and mustard by Rs 400 to Rs 5,450 per quintal for the current crop year with an aim to boost production and income of the farmers.
The decision to increase the MSPs (minimum support prices) was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.
Msp Is The Rate At Which The government buys grain from farmers.
Currently, the government fixes MSPs for 23 crops grown in both Kharif and rabi seasons.
Sowing of rabi (winter) crops begins in October, immediately after the harvest of kharif (summer) crops.
Wheat and mustard are major rabi crops.
According to an official release, the CCEA has approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season.
Wheat MSP has been increased by Rs 110 to Rs 2,125 per quintal for this crop year from Rs 2,015 per quintal in the 2021-22 crop year.
The cost of production of wheat is estimated at Rs 1,065 per quintal, the release said.
.jpeg)
