NEW DELHI: The govt on Tuesday higher the minimum give a boost to value (MSP) of wheat by way of Rs 110 to Rs 1,735 a quintal and of pulses by way of Rs 200 consistent with quintal to lend a hand boost the output of these vegetation and take a look at costs, legit assets stated.
The Cabinet Committee on Economic Affairs (CCEA), chaired by way of Prime Minister Narendra Modi, has licensed the MSPs of all rabi (winter-sown) vegetation for 2017-18. MSP is the speed at which govt buys grain from farmers.
According to assets, the CCEA licensed Rs 110 consistent with quintal hike in wheat MSP to Rs 1,735 consistent with quintal for the 2017-18 rabi crop, up from Rs 1,625 consistent with quintal final 12 months.
To inspire the cultivation of gram and masoor, their MSPs were raised by way of Rs 200 consistent with quintal each and every to Rs four,200 and Rs four,150.
Among oilseeds, rapeseed/mustard and saflower seed MSP has also been higher substantially, the assets stated, adding that the give a boost to costs are in keeping with the suggestions of the Commission for Agricultural Costs and Prices.
Wheat is the primary rabi crop, sowing of which is able to begin from this month. The crop will be marketed from subsequent 12 months April onwards.
The Cabinet Committee on Economic Affairs (CCEA), chaired by way of Prime Minister Narendra Modi, has licensed the MSPs of all rabi (winter-sown) vegetation for 2017-18. MSP is the speed at which govt buys grain from farmers.
According to assets, the CCEA licensed Rs 110 consistent with quintal hike in wheat MSP to Rs 1,735 consistent with quintal for the 2017-18 rabi crop, up from Rs 1,625 consistent with quintal final 12 months.
To inspire the cultivation of gram and masoor, their MSPs were raised by way of Rs 200 consistent with quintal each and every to Rs four,200 and Rs four,150.
Among oilseeds, rapeseed/mustard and saflower seed MSP has also been higher substantially, the assets stated, adding that the give a boost to costs are in keeping with the suggestions of the Commission for Agricultural Costs and Prices.
Wheat is the primary rabi crop, sowing of which is able to begin from this month. The crop will be marketed from subsequent 12 months April onwards.
Government hikes MSP for wheat and pulses
![Government hikes MSP for wheat and pulses]()
Reviewed by Kailash
on
October 24, 2017
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