-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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CCEA approves additional allocation of 50 lakh tonnes of foodgrains for BPL familes in FY14 -Sutanuka Ghosal
-The Economic Times KOLKATA: The Cabinet Committee on Economic Affairs ( CCEA) has approved the additional allocation of 50 lakh tonne of foodgrains for the Below Poverty Line (BPL) families at BPL prices during the current financial year. This additional allocation of 50 lakh tonne will remain valid for lifting upto 31st March, 2014 or till the National Food Security Ordinance is implemented in the respective State/UT Governments. Earlier this year also a...
More »FCI to sell 2 million tonnes of wheat in international market -Madhvi Sally
-The Economic Times NEW DELHI: The Food Corporation of India (FCI) will export two million tonnes of wheat in the coming months to earn valuable foreign exchange of nearly $ 600 million for the country. The proposal to export the wheat from the stocks of the central pool of FCI was approved by the Cabinet Committee on Economic Affairs (CCEA) last month. A sub-committee, headed by FCI Chairman and MD C Viswanath,...
More »Amendment to National Food Security bill gets CCEA approval
-The Economic Times NEW DELHI: The Cabinet Committee on Economic Affairs on Thursday cleared an amendment to National Food Security Ordinance, Food Minister K V Thomas said. The move would raise grain allocation to many states under the new food security law, increasing the subsidy burden by Rs 5,094 crore. "The cabinet has agreed to the demand of 18 states, including Kerala, Tamil Nadu, Assam Andhra Pradesh, for additional allocation of food...
More »Minimum support price of kharif crops raised by CCEA
-The Economic Times NEW DELHI: As sowing picks up across the country, the Cabinet Committee on Economic Affairs (CCEA) on Thursday approved increasing the minimum support prices (MSP) of kharif crops for 2013-14 crop year (July-June). The increase is expected to boost the sowing of paddy, cotton, oilseeds like soybean, millets and pulses crop in the country. On the basis of recommendations given by Commission for Agricultural Costs and Prices (CACP),...
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