New Delhi: The Union Cabinet approved the enhanced Minimum Support Price (MSP) for rabi crops of the 2018-19 season. The cabinet has approved the hike on six crops. The move comes in the wake of the protest which was called by the farmers on the UP-Delhi border regarding the increase in the MSP of rabi crops and farm loan waiver among a host of other demands both on Monday and Tuesday.
The MSP of wheat has been raised by Rs 105 per quintal, safflower has been raised by Rs 845 per quintal, Barley by Rs 30 per quintal, Masur Dal by Rs 225 per quintal, Gram by Rs 220 per quintal, Rapeseed and Mustard by Rs 22 per quintal.
The Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister Narendra Modi approved higher minimum support price (MSP) for winter-sown or Rabi crops. The support price has been increased based on the recommendations of farm advisory body CACP (Commission for Agricultural Costs and Prices) and is in line with the government’s announcement to provide farmers a 50 per cent profit over the cost of production.
Speaking about the advantages that will follow with the increase in MSP approved by the cabinet, Union Minister Ravi Shankar Prasad said that the farmers of the country will have an additional income to the tune of Rs 62,635 crores.
Prasad also spoke of the cabinet approving the construction of metro in Madhya Pradesh’s Bhopal. The proposed metro will cover a total length of 27.87 km in the state. There has been a 50-50 arrangement between the Centre and the state government. This will be done at an expenditure of Rs 6,941.40 crore and will be completed in a period of four years.
Apart from Bhopal, Indore too will get its own metro. A total of 31.55-kilometre long metro rail connectivity will be established. This will be built at an expenditure of Rs 7,500.80 crore and will also be built within a span of four years.
The Union Cabinet has also approved of a MoU between India and Russia on Bilateral Cooperation in Road Transport and Road Industry. It will be signed during the upcoming visit of Russian President to India. The cabinet also approved of bilateral trade between India and Singapore. It also approved the re-development of railway stations by Indian Railway Stations Development Corporation (IRSDC) as Nodal Agency and main Project Development Agency, through simplified procedures and for longer lease tenure of up to 99 years.
Several farmers from UP protested at the Delhi-Noida border raising a host of demands including loan waivers and pension and later agitated at the Jantar Mantar in the national capital on Wednesday afternoon.
The development comes around six hours after thousands of farmers, on a call by the Bharatiya Kisan Union (BKU), successfully culminated their Kisan Kranti Yatra at the Kisan Ghat on the banks of the Yamuna here after a 10-day march that had started at Tikait Ghat in Haridwar.