-PTI Paddy MSP of Grade 'A' variety has been raised by Rs 55 to Rs 1,400 a quintal The government today announced Rs 50 per quintal increase in the minimum support price of paddy to Rs 1,360 to encourage farmers to cultivate rice, but said that the decision will not have an impact on inflation. Minimum support price (MSP) of pulses has been raised by up to Rs 100 per quintal. The Cabinet Committee...
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Panel recommends hike in fixed cost paid for urea
-PTI Government has provided Rs 70,585 crore as fertiliser subsidy in this year's budget A ministerial panel today recommended increase in fixed cost paid to urea by Rs 350 per tone but there will be no increase in the rate of crop nutrient for farmers as government will subsidise the additional cost, pegged at Rs 900 crore. Fertiliser Ministry had moved the proposal for modified New Pricing Scheme (NPS) III, according to which...
More »Government expects bumper crop this year on good monsoon
-PTI NEW DELHI: India is expected to harvest bumper crop this year based on estimates of higher food grains production in Kharif (summer sown) and hopes of better Rabi (winter) crop with enough water in reservoirs, Finance Minister P Chidambaram said today. He also said that the agriculture credit has grown by 12.1 per cent during April-August period of this fiscal. "On agriculture, we estimate this would be a very good year. The...
More »Food Ministry for cut in wheat export floor price to $260/tonne
-PTI NEW DELHI: The Food Ministry has moved a Cabinet note proposing a reduction in the floor price of wheat by USD 40 at USD 260 a tonne to make exports viable and clear surplus stocks. The revision in reserve price has been proposed as global buyers quoted USD 260-267 a tonne for recent bids, as against the benchmark price of USD 300 a tonne set for export of two million tonnes...
More »Govt may tomorrow raise wheat MSP by Rs 100 per quintal
-PTI NEW DELHI: The government may tomorrow raise the minimum support price (MSP) for wheat by Rs 100 to Rs 1,450 per quintal to encourage farmers to cover more area under the crop in the ongoing rabi season, sources said. Wheat MSP is the rate at which government buys the grain from farmers. It is critical as it helps farmers decide the choice of crop. "The Cabinet Committee on Economic Affairs (CCEA) is...
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