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Minimum Support Prices for several crops raised by the Centre

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New Delhi: The Cabinet Committee on Economic Affairs on Wednesday increased the Minimum Support Price (MSP) of crops ranging from Rs.15 to Rs.275 for this year’s kharif season.

The new support prices will be effective from October 1 this year.

While the cabinet raised the price of common rice by Rs.50 to Rs.1,410 per quintal, it hiked the price for hybrid and Maldandi variety of ‘jowar’ by Rs.40 a quintal.

A comparatively better hike, however, was on the pulses front. Both ‘Tur‘ (arhar) as well as ‘Urad‘ prices were raised by Rs.275 while that for ‘Moong‘ by Rs.250 per quintal.

Now, the MSP of both ‘tur‘ and ‘urad‘ will be Rs.4,625 per quintal while for ‘moong‘ the MSP will be Rs.4,850 — that is a farmer would get a minimum assured price of Rs.46.25 for his kg of ‘tur‘ and ‘urad’ pulses, and Rs.48.50 for a kg of ‘moong’.

MSPs of ‘ragi’ and sesamum were hiked by Rs.100 per quintal to Rs.1,650 and Rs.4,700 respectively.

Prices of both medium and long staple ranges of cotton have been increased by Rs.50 to Rs.3,800 and Rs.4,100 respectively.

Bajra and Maize saw moderate increase in MSPs.

Interestingly, the MSP for black variety of Soyabean oil remains unchanged at Rs.2,500.

The Centre said the increase was expected to send out a strong signal to farmers to increase acreage and invest for increase in productivity of pulses.

Under the MSP system, the Centre purchases the produce from farmers at the declared price, thereby preventing distress sale.

Due to lower procurement from the Eastern region of the country, the cabinet directed for necessary arrangements to strengthen procurement of agricultural produce from that part of the country. (IANS)

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10 Media Outlets From India Selected For YouTube Funding

Other projects look at the sustainability of news organisations, including work on new business models and programmes to support a healthy news ecosystem

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10 Indian media outlets among 87 selected for YouTube funding. Pixabay

Ten media outlets from India have been selected for receiving YouTube innovation funding as part of the Google News Initiative (GNI) to help newsrooms and publishers strengthen their online video capabilities and experiment with new formats for video journalism.

These 10 news organisations – Asianet News Media and Entertainment Pvt. Ltd., Bharatiya Digital Party (BhaDiPa), FACTLY, Gaon Connection, India Today Group, Live Data Visualisation Pvt. Ltd., NDTV, NYOOOZ, ShepHertz and Video Volunteers — are among the 87 selected from 23 countries.

“Today’s announcement reinforces our commitment to supporting a strong future for news video,” Timothy Katz, Director of News Partnerships, YouTube, said in a blog post on Tuesday.

“Hailing from 23 countries around the world, they represent a diverse array of broadcasters, traditional and digital publishers, local media, agencies and creators, but all share a commitment to quality journalism and a spirit of innovation,” Katz added.

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As part of the launch of Google News Initiative in March, YouTube committed $25 million funding to support the future of news.

Many of the projects selected for the innovation funding are focused on expanding newsroom video operations and trying out new ways of reporting news through video — from reaching younger audiences online to exploring live and fact-checking formats.

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Other projects look at the sustainability of news organisations, including work on new business models and programmes to support a healthy news ecosystem.

“Over the coming months, we’ll be sharing insights gained from the projects and giving newsrooms the opportunity to benefit from the learnings,” Katz added. (IANS)