Cabinet approves higher minimum support prices for Kharif crops


Date & Time: 2019-07-04 10:41:12

he Cabinet has approved higher support prices for kharif, or summer-sown crops, a new labour code that will allow minimum wages to be paid by cheque or bank transfers to workers of both organised and unorganised sectors,    The government said the increase in minimum support prices (MSP) for kharif crops, approved by the Cabinet Committee on Economic Affairs, is in line with giving farmers 1.5 times the cost of production. The highest percentage return to farmers over their cost of production is for bajra (85%) followed by urad (64%) and tur (60%).  The support price of common variety rises from Rs 1,750 a quintal to Rs 1,815 while higher quality ‘Grade A’ variety rises from Rs 1,770 to Rs 1,835 a quintal