Govt hikes paddy MSP by Rs 72/quintal to Rs 1,940
   Date :10-Jun-2021

Govt hikes paddy MSP _1&n
 
 
NEW DELHI :
 
THE Government on Wednesday raised the minimum support price (MSP) of paddy marginally by Rs 72 per quintal to Rs 1,940 per quintal for the 2021-22 crop year, while the rates of other kharif crops were also hiked. Paddy is the main kharif crop, the sowing of which has begun with the onset of the South-West monsoon. The Met Department has projected a normal monsoon for the June-September period.
 
The decision taken by the Cabinet headed by Prime Minister Narendra Modi will help farmers take a call on which kharif (summer) crop to grow as sowing picks with the spread of the South-West monsoon. Briefing reporters after the Cabinet meeting, Agriculture Minister Narendra Singh Tomar again dispelled apprehensions about MSP saying, “MSP (on farm crops) is there, is being hiked and will continue in future as well”. The Cabinet has approved an increase in the MSP of paddy (common variety) to Rs 1,940 per quintal for the 2021-22 crop year from Rs 1,868 per quintal in the year-ago period. Similarly, the MSP of Bajra has been increased to Rs 2,250 per quintal for the current year from Rs 2,150 per quintal last year, he said. MSP has been increased regularly and its benefit is reaching farmers, the minister said.
 
Cabinet approves allocation of 5MHz spectrum for railways: THE Union Cabinet on Wednesday approved allocation of 5 MHz spectrum in the 700 MHz band to Indian Railways for improving its communication and signalling systems, Union Minister Prakash Javdekar said. He said, it will help improve safety of passengers on the transport network. The project with an estimated cost of Rs 25,000 crore will be completed in the next five years. The railways currently relies on optical fibre for its communication network but with the allocation of fresh spectrum, it will be able to use high-speed radio on a real-time basis.