Page-3 of Minimum Support Price Current Affairs, GK & News

CCEA approves increase in FRP of Sugarcane by Rs 10 for 2020-21

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal made by the food ministry to increase the Fair and Remunerative Price (FRP) by Rs 10 for the next marketing year, starting in October 2020. The FRP of Sugarcane will increase from 275 to 285 per quintal. The initiative has been taken after the ..

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Minor Forest Produce makes record for the first time

The Minor Forest Produce (MFP) under the Minimum Support Price has hit a record breaking high of Rs 79.42 crores. With this, the total procurement for the year has crossed Rs 2000 crores. Highlights Among the state, Chhattisgarh leads with MFP procurement of 20,270 tonnes worth Rs 52.80 crores. It is followed by Odisha and ..

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GoI increases Minimum Support Price of 14 Kharif crops

On June 1, 2020, the Union Cabinet approved hike of Minimum Support Price of 14 Kharif crops. Highlights The Minimum Support Price of Paddy has been increased by Rs 53 per quintal. The MSP of paddy has been fixed at Rs 1,868 per quintal for the year 2020-21. The rates of pulses, oil seeds and ..

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23 additional Minor Forest Produce included in Minimum Support Price List

On May 29, 2020, the Ministry of Tribal Affairs announced that 23 additional Minor Forest Produce of Minimum Support Price has been included. Highlights Also, the minimum support price for the existing forest produce was reduced for 50 items. The increase in Minor Forest Produce is from 16% to 66%. In certain cases such as ..

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Third Tranche of Rs 20 lakh Economic Package announced

With the PM Modi announcing the Atma Nirmar Bharat Abhiyan on May 12, 2020, Rs 20 lakh crore were allocated to ease life of the people during Lock Down 4.0. Following this, the Finance Minister Nirmala Sitaraman held two press meets earlier explaining the country about the split of these funds. The third Tranche of ..

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