kharif crop

June 19, 2024 11:36 PM

Cabinet approves MSP for 14 Kharif season crops, farmers to get Rs 35,000 crore more over previous season

The Union Cabinet on Wednesday approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy, ragi, bajra, jowar, maize, and cotton. The decision will have a financial implication of Rs 2 lakh crore for the government while ensuring a gain of Rs 35,000 crore for farmers over the previous season. Addressing the media after the Cabinet meeting, Information and Broadcasting Minister Ashwini Vaishnaw underscored the significance of Prime Minister Narendra Modi's third...

India lifts ban on onion exports after robust production

India lifted the restrictions on onion exports from Friday. The decision comes on the heels of robust kharif crop production in 2024 and favourable monsoon forecasts, coupled with stable market conditions both at the mandi and retail levels. "All restrictions on onion export have been removed with effect from today," said Nidhi Khare, Secretary, Department of Consumer Affairs, at a press conference in Delhi. Khare said, "This is basically taking into account the Rabi 2024 production and approv...