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December 16, 2024 4:51 PM

Strong kharif and rabi crop outlook eases India’s food inflation concerns

The arrival of kharif crops in the market, coupled with a robust outlook for the rabi crop, bodes well for the food inflation outlook, economists said on Monday. This positive sentiment comes as the wholesale price index (WPI) inflation eased to 1.9 percent in November, down from 2.4 percent in October. The moderation in WPI inflation last month was primarily driven by a decline in food inflation. "The arrival of fresh harvests has led to a seasonal correction in food prices," said Rajani Sin...

October 16, 2024 11:57 PM

PM Modi hails Cabinet decision to hike MSP for rabi crops, calls it a big win for farmers

Prime Minister Narendra Modi on Wednesday lauded the Union Cabinet's approval to raise the Minimum Support Price (MSP) for all mandated Rabi crops for the 2025-26 marketing season. He said that the government is taking significant steps to promote the welfare of farmers across the country. In a post on X, PM Modi said, “We are constantly making bold decisions for the welfare of our farmer brothers and sisters. Today, the government has increased the MSP for Rabi crops, including wheat and gra...

October 16, 2024 3:54 PM

Cabinet approves MSP for Rabi crops for marketing season 2025-26

The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for the Marketing Season 2025-26. The government has increased the MSP of Rabi Crops to ensure remunerative prices to the growers for their produce. The absolute highest increase in MSP has been announced for rapeseed & mustard at Rs 300 per quintal followed by lentil (masur) at Rs 275 per quintal. The decision w...

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Last Updated: 21st Dec 2024