The government has given a big boost to farmers’ income.
The Cabinet Committee on Economic Affairs enhanced MSP for Rabi Crops of the current season.MSP for Wheat has been increased by 105 rupees to 1840 rupees per quintal.
This is 112.5 percent above the cost of production of 866 rupees per quintal. Barley will earn an MSP of 1440 per quintal for farmers, up 30 rupees, which is 67.4% above the cost of 860 per quintal.
Gram brings in an MSP of Rs. 4620 per quintal, up 220 rupees, yielding a 75.2 percent return on the cost of Rs. 2637. Similarly, MSP of Masur is up 225 rupees per quintal at 4475 giving a return of 76.7percent on 2532 rupees cost.
The MSP for rapeseed and mustard has increased by 200 rupees per quintal at 4200 yielding a return of 89.9% on 2212 rupees cost. Safflower is up by 845 rupees per quintal at 4945 rupees per quintal. The return is 50.1% of a cost of 3294 rupees per quintal.
The new rates will encourage farmers to produce and earn more. Boosting metro rail connectivity in Madhya Pradesh, two metro projects were approved.
In Indore, the Cabinet approved implementation of Ring line Metro Rail Project while in Bhopal two corridors of the Metro Rail Project were given the green signal.
The CCEA approved budgetary support to Nepa Ltd, a public sector newsprint company, for Revival and Mill Development.
The Cabinest also approved some International agreements, 2nd Protocol amending the Comprehensive Economic Cooperation Agreement between India and Singapore, and a MoU between India and Russia on Bilateral Cooperation in road transport which will be signed during the upcoming visit of Russian President Vladimir Putin to India.
The Cabinet also approved formation of Indian Railway station dev corp ltd which will become the nodal agency for development of Indian Railway stations.