Diabytes
MSP hike News
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The highest absolute increase in MSP has been recommended for sesamum at Rs.523 per quintal.
Anurag Thakur said that the dependence on imports has decreased.
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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 Rabi Marketing Season (RMS) 2022-23.
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The government has increased the MSP of Kharif crops to ensure remunerative prices to growers for their produce.
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Punjab Chief Minister Amarinder Singh on Wednesday reacted to the hike in MSP of wheat by Rs 105 quintal, terming it as a joke on the farmers.
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Inflation based on consumer price index (CPI) is likely to be around 5-5.5 percent this fiscal and rise in minimum support price (MSP) will have positive implications for the economy, Japanese brokerage firm Nomura has said.
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