Cabinet approves 50% profit over input cost for farmers
New Delhi, July 4 : The Union Cabinet Committee on Economic Affairs on Wednesday approved Minimum Support Price (MSP) for summer-sown crops for the year 2018-19, which will provide farmers a profit of 50 per cent or more over the cost of production.
Addressing the media, Union Minister Rajnath Singh said the cabinet had taken the "historic" decision to provide relief to distressed farmers as it would have "positive impact" on the economy.
He said that the Commission of Agricultural Costs and Production (CACP) had fixed input cost for major monsoon crop paddy at Rs 1,166 per quintal and the government had added 50 per cent profit, which would make the MSP Rs 1,750 per quintal this year -- a steep increase of Rs 200 from Rs 1,550 last year.
The MSP for 'Grade A' variety of paddy would be Rs 1,770 per quintal while it will be Rs 2,430 per quintal for jowar -- a year-on-year jump of Rs 730.
He said the MSP would be based on 'A2 +FL' - one of the input cost concepts recommended by the Swaminathan Commission and the Central government would spend additional Rs 15,000 crore on account of the higher MSP.
Rajnath Singh said the MSP for bajra would be Rs 1,950 per quintal -- return of about 97 per cent as the input cost calculated by the CACP was Rs 990 per quintal.
The government has fixed the MSP of Rs 5,675 per quintal for arhar (66 per cent profit), Rs 6,975 for moong and Rs 5,600 for urad.
In case of cotton, the MSP has been raised to Rs 5,150 per quintal.
The MSP would be Rs 4,890 for groundnut, Rs 5,388 for sunflower, Rs 3,399 for soybean, Rs 6,249 for sesame and Rs 5,877 for nigerseed.
Rajnath Singh said the higher MSP was a part of the NDA government's plan to double farmers' income by 2022.
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Delhi CM Atishi likely to take charge of office on Monday
New Delhi (PTI): Delhi Chief Minister Atishi, who took the oath of office a day ago, is likely to take charge on Monday, officials said.
She was sworn in as the eighth chief minister of Delhi on Saturday along with her cabinet. The Delhi Assembly's session will be held on September 26 and 27.
Atishi has retained the 13 portfolios she held in the Kejriwal government, including education, revenue, finance, power and PWD.
"She is likely to assume charge on Monday. The other ministers are also likely to take charge tomorrow," an official said.
Saurabh Bharadwaj, who holds eight portfolios, the highest after Atishi, took charge on Saturday itself.
New entrant Mukesh Ahlawat got the charge of the labour, SC and ST, employment and land and building departments. Gopal Rai has been given the charge of development, general administration department, environment and forest -- the portfolios he held in the Kejriwal government.
Kailash Gahlot has also retained his previous portfolios -- transport, home, administrative reforms, women and child development.
The new cabinet headed by Atishi has a long list of pending projects, schemes and new initiatives to be launched in the next few months before Delhi goes to polls in February next year.
