Wednesday July 18, 2018
Home India Minimum Suppo...

Minimum Support Prices for several crops raised by the Centre

0
//
670
Republish
Reprint

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)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

itel Launches First Dual Camera Smartphone in India

itel "A62" is powered by 3000mAh battery and is equipped with 2GB RAM and 16GB internal storage that can be expanded up to 128GB

0
itel
The smartphone is equipped with a 5MP selfie camera with flash and 13.0MP+VGA dual rear-camera. (IANS)

China-based Transsion Holdings’ itel Mobile on Tuesday launched its first dual rear camera smartphone “A62” in India for Rs 7,499.

The latest addition to the company’s line-up of 4G smartphones comes with face unlock, fingerprint sensor, bike mode and dual rear camera set-up.

The smartphone is equipped with a 5MP selfie camera with flash and 13.0MP+VGA dual rear-camera.

“Camera on a phone has seen maximum innovations and improvements. With this insight, we have launched our first dual rear camera smartphone — ‘A62’, with full screen and multiple value added features,” Goldee Patnaik, Head of Marketing, itel Business Unit, said in a statement.

Also Read: itel Extends Partnership With Airtel

The device has a an 8.1-mm body with a full laminated body and thin bezels.

Running on the latest Android 8.1 Oreo OS, the smartphone powered by 1.3 GHz processor, a 5.65-inch HD+ IPS full view display with 18:9 aspect ratio.

itel “A62” is powered by 3000mAh battery and is equipped with 2GB RAM and 16GB internal storage that can be expanded up to 128GB. (IANS)

Next Story