Government has increased the MSP of Rabi Crops to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for Rapeseed & Mustard at Rs 300 per quintal followed by Lentil (Masur) at Rs 275 per quintal.
According to official data, wheat had been planted in 320.54 lakh hectares till the last week. In the preceding 2022-23 crop year (July-June), wheat production achieved a record 110.55 million tonnes, surpassing 107.7 million tonnes from the previous year.
The nutrient-based subsidy rates on the fertilisers has been increased for various nutrients, like nitrogen, phosphorous, potash and sulphur from October 1, 2023 to March 31, 2024.
MSP (Minimum Support Price) is the rate at which the government buys the grain from farmers. Currently, the government fixes MSPs for 23 crops grown in both kharif and rabi seasons.
The decision to increase MSP of Rabi crops for 2021-22 season was taken at the Union cabinet meeting held earlier in the day. Crops that will fetch a higher price include wheat, lentil, barley, gram, rapeseed, mustard and safflower.
The change in weather was caused by a Western Disturbance, weather officials here said. There was also report of hailstorm lashing few places in the two states.
Quite simply put, rain and thunderstorm in this month have a direct impact on your monthly budget of the coming year.
During the Cabinet meeting, chaired by Prime Minister Narendra Modi, the government approved a Rs 105 per quintal hike in the minimum support price of wheat to Rs 1,840 per quintal for 2018-19 season.
Citing officials of the Food Corporation of India (FCI), the ET report said that though buying of wheat still continues in Uttar Pradesh, Madhya Pradesh and Rajasthan, agencies will fall short of target.
Srinagar: Crops worth Rs.3,675 crore have been damaged by floods in the Kashmir valley, officials said here Wednesday.Of the three lakh hectares crop area in Kashmir division, around 1.35 lakh hectares have been fully damaged
Top News
Latest News
