UNION CABINET APPROVES INCREASE IN MSP OF KHARIF CROPS
New Delhi(07/06/2023): The Union Cabinet on Wednesday an increase in the Minimum Support Price (MSP) of kharif crops for marketing season 2023-24. In a press conference, Union Food and Consumer Affairs Minister Piyush Goyal said, "This decision has been taken to ensure remunerative prices to growers for their produce and to encourage crop diversification.
Overall kharif crops is estimated to be 330 million tonnes during this year compared to 285 million tonnes in 2018-19." Goyal said the MSP of common grade variety of paddy has been hiked by Rs 143 to Rs 2,183 per quintal for 2023-24 crop year, from 2,040 in the previous year.
The highest increase in MSP was in moong by 10.4 percent at Rs 8,558 per quintal for 2023-23 crop year, as against Rs 7,755 per quintal in the previous year. The Cabinet also approved the third revival package for BSNL with the total outlay of Rs 89,047 crore.
It includes allotment of 4G/5G spectrum for BSNL through equity infusion. The authorized capital of BSNL will be increased from Rs 1,50,000 crore to Rs 2,10,000 crore.
