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Cabinet okays hike in MSP for Rabi crop

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The Cabinet Committee on Economic Affairs approved the MSP for Rabi Crops of 2011-12 season to be marketed in 2012-13. The MSP of wheat has been fixed at Rs. 1285 per quintal marking an increase of Rs. 165 per quintal over the last year’s MSP.

 

The MSP of barley has been raised by Rs. 200 per quintal and fixed at Rs. 980 per quintal.

 

The MSP of gram and masur (Lentil) has been fixed at Rs. 2800 per quintal each marking an increase of Rs. 700 per quintal and Rs. 550 per quintal respectively over their last year’s MSPs.

 

The MSPs of rapeseed/mustard and safflower have been increased by Rs. 650 per quintal and Rs. 700 per quintal respectively over the last year’s MSPs and have been fixed at Rs.2500 per quintal each.

 

 


source:http://www.indiainfoline.com/Markets/News/Cabinet-okays-hike-in-MSP-for-Rabi-crop/5275504619


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Andhra Pradesh seeks special financial allocation for micro-irrigation projects

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HYDERABAD: The state government has sought special financial allocation of Rs 800 crore from the Central government under the National Mission on Micro Irrigation (NMMI). This project will strengthen micro irrigation infrastructure across Andhra Pradesh.

The Chief Minister N. Kiran Kumar Reddy has requested Sharad Pawar, Union Minister for Agriculture, to provide some special fund for the project because the existing allocation is not sufficient for the entire state, especially interior locations. The Chief Minister has also clarified that the state needs Rs 800 crore more for the NMMI project, which is estimated to cost Rs 2100 crore.

“If the Government of India approves it, because of increase in yield, income would be Rs 3,800 crore per annum to SCs, STs through horticulture,” said the Chief Minister. In his letter to Centre, he has explained that the state is working in a huge development project covering 30 lakh acres of degraded and fallow lands under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Now, the state needs to exploit ground water for micro-irrigation (drip) systems, which would help to uplift six lakh poor households.

 

 


source:http://news.indiamart.com/story/andhra-pradesh-seeks-special-financial-allocation-micro-irrigation-projects-148880.html


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Agriculture Ministry proposes hike of Rs 115/qtl in wheat MSP

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New Delhi, Oct 20 (PTI) The Agriculture Ministry has proposed a hike of Rs 115 per quintal in the minimum support price (MSP) of wheat to Rs 1,285 per quintal to cover rising farm input cost and encourage farmers to increase acreage.
Yesterday, Agriculture Minister Sharad Pawar had said that MSP of rabi (winter) crops, including wheat, would be taken up in the next meeting of the Cabinet Committee on Economic Affairs (CCEA).
According to sources, the ministry has circulated a CCEA note among various ministries recommending Rs 1,285 per quintal as MSP for wheat for the 2012-13 marketing year starting April 1.
Wheat''s support price for 2011-12 was Rs 1,170 per quintal, including a bonus of Rs 50 per quintal.
The government announces the support price for more than 20 crops just before the sowing season. The government buys wheat and paddy from farmers at the MSP to ensure assured returns to growers. The MSP also acts as benchmark price for the market.
The Ministry has recommended a significant hike in wheat MSP in view of rising input cost of labour, electricity, diesel and fertilisers.
Since the UPA government came into power in 2004, the MSP of wheat has been raised from Rs 630 per quintal to Rs 1,170 per quintal.
Country''s wheat production has improved in the last few years and touched an all-time of 85.93 million tonnes in the 2010-11 crop year. Experts said higher support price has played a big role in the record wheat output.

 

 

 


Source:http://www.moneycontrol.com/news/wire-news/agriculture-ministry-proposes-hikers-115qtlwheat-msp_602853.html


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Punjab govt announces 50% subsidy on vegetable cultivation

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Chandigarh: Punjab government on Sunday announced a 50% subsidy on vegetable farming to boost production in the state.

Disclosing this here on Sunday, agriculture minister Sucha Singh Langah said the government would provide a grant under the national agriculture development scheme for farmers to making net houses for cultivation of vegetables.

He said under this scheme, a one-time grant of Rs. 50,000 for a net house covering a 500 square metre area would be provided to small and medium-size farmers.

He said the Punjab government would also provide a 50% subsidy on pesticide and anti-fungus medicines in order to increase the quality of the vegetables and to increase the per unit income of the farmers.

He said the subsidy would be 50% of the cost of pesticides and plant medicines, subject to a cap of Rs. 6,000 per farmer.

He said under the separate national vegetable initiative scheme, a, per hectare, subsidy for the cultivation of vegetables was also provided to farmers, which ranged from Rs. 25,500 to 33,750 per hectare.

He said a 50% subsidy was also being provided for setting up retail outlets, vegetable collection centers, mobile vending card and processing units for marketing of vegetables.

Langah said that farmers could contact the district horticulture director to avail such facilities.

 

 

Source:http://www.livemint.com/2011/10/09173505/Punjab-govt-announces-50-subs.html


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Tamil Nadu govt announces incentive for paddy

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CHENNAI: The state government has declared an incentive of Rs 50 for the common paddy and Rs 70 for the Grade A variety much above the Minimum Support Price (MSP), that has been set by the Central Government.

According to a Government Order, “Considering the welfare of farmers and in order to avoid any distress sale by farmers, the government proposes to grant an incentive of Rs 50 per quintal for common variety and Rs 70 per quintal for Grade A variety in procurement/kharif marketing season 2011-12 that begins from October 1, 2011.”

According to the September-30 Government Order issued by the State Cooperative, Food and Consumer Protection Department, the Tamil Nadu Civil Supplies Corporation has been allowed to buy paddy at Rs 1,130 per quintal for the common variety and Rs 1,180 for the Grade A variety under the decentralised procurement system.

The order passed by Centre during June this year, had fixed the MSP for paddy at Rs 1,110 for Grade A variety and Rs 1,080 for common variety. The Government Order has stated that the paddy bought shall be stocked on behalf of Centre for making contribution to the central pool.

 

 

 

 

 


Source:http://news.indiamart.com/story/tamil-nadu-govt-announces-incentive-paddy-147847.html


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