Union Cabinet approves increase in MSP for kharif crops for 2021-22

Union Cabinet on Wednesday approved increase in minimum support prices for summer sown crops, announced Union Agriculture Minister Narendra Singh Tomar at a press briefing in New Delhi.

The MSP of paddy (common) has been increased by Rs 72, from Rs 1,868 per quintal in 2020-21 to Rs 1,940 per quintal in 2021-22. Highest absolute increase in MSP over the previous year has been recommended for sesamum (Rs 452 per quintal) followed by tur and urad (Rs 300 per quintal each), said Tomar.

The increase comes during ongoing farmers’ protest against three contentious farm laws passed last year.

Earlier on Wednesday, the Cabinet, led by PM Narendra Modi, had a meeting via video conference.

The Cabinet also approved allocation of 5MHz 4G spectrum for Railways.

“Railways will be provided with 5 megahertz spectrum in 700 MHz band. It will improve its communication system and make rail travel safer. Railway currently uses optical fibre. With the availability of spectrum, there will be radio communication,” said Union Minister Prakash Javadekar at the briefing.

Rs 25,000 crore will be spent in the next 5 years for signal modernisation and 5G spectrum implementation in Railways, said Javadekar.

Union Cabinet approves extension of the applicability of New Investment Policy (NIP)-2012 read with its amendment to the Ramagundam Fertilizers and Chemicals Limited, added Javadekar.

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