CCEA increased the Minimum Support Price of Wheat by 50 Rupees per Quintal

CCEA enhanced the Minimum Support Price (MSP) of wheat by 50 rupees per quintal to 1400 rupees

Created On: Oct 17, 2013 17:51 ISTModified On: Oct 17, 2013 17:53 IST

The Cabinet Committee on Economic Affairs (CCEA) on 17 October 2013 enhanced the Minimum Support Price (MSP) of wheat by 50 rupees per quintal to 1400 rupees for the fiscal, starting April 2014. The CCEA accepted the recommendations of Commission for Agricultural Costs and Prices. The MSP of red gram and mustard was also hiked by hundred rupees per quintal each. MSP is the rate at which government buys the grain from farmers.  The government took this step to encourage farmers to cover more area under the crop in the ongoing rabi season.

The crop's sowing begins in October and harvesting begins from April onwards. The government procures wheat from farmers during April-June.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

AndroidIOS
Comment ()

Post Comment

3 + 4 =
Post

Comments