The Minimum Support Price of Wheat was Increased to 1350 Rupees per Quintal

The Union government of India on 26 December 2012 raised the Minimum Support Price, MSP of wheat by 65 rupees per quintal to 1350 rupees per quintal. The decision was taken in a Cabinet meeting this morning in New Delhi Chaired by the Prime Minister, Manmohan Singh. The government also decided to export additional 25 lakh tonnes of wheat from its go-downs.

The CCEA approved the disinvestment of 12.5 per cent paid up equity capital to the Rashtriya Chemicals and Fertilizers. Current government holding is about 92.5 per cent. This will make the company compliant with the SEBI norms that 10 per cent float should be there. CCEA approved the proposal to export an additional 25 lakh tonnes of wheat. Earlier, we had approved export of 20 lakh tonnes of wheat of that a little over 17 lakh tonnes have been contracted.

The Union government of India on 26 December 2012 raised the Minimum Support Price, MSP of wheat by 65 rupees per quintal to 1350 rupees per quintal. The decision was taken in a Cabinet meeting this morning in New Delhi Chaired by the Prime Minister, Manmohan Singh. The government also decided to export additional 25 lakh tonnes of wheat from its go-downs.

The CCEA approved the disinvestment of 12.5 per cent paid up equity capital to the Rashtriya Chemicals and Fertilizers. Current government holding is about 92.5 per cent. This will make the company compliant with the SEBI norms that 10 per cent float should be there. CCEA approved the proposal to export an additional 25 lakh tonnes of wheat. Earlier, we had approved export of 20 lakh tonnes of wheat of that a little over 17 lakh tonnes have been contracted.