Wheat MSP up by Rs 115 per quintal

Oct 26 2011, 00:03 IST
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SummaryThe MSP of other rabi crops like barley, gram, masur, mustard seed and safflower was also hiked by 15 to 39 per cent.

The government on Tuesday hiked the minimum support price (MSP) of wheat by Rs 115 per quintal to Rs 1,285 per quintal for 2012-13 procurement season.The MSP of wheat was Rs 1,170 per quintal including the Centre’s bonus of Rs 50 per quintal. The MSP of other rabi crops like barley, gram, masur, mustard seed and safflower was also hiked by 15 to 39 per cent.

“This decision has been taken after a thoughtful consideration. We hope that this will be a good news to all our farmer friends at the time of Diwali,” Law Minister Salman Khurshid said at a press briefing after a meeting of the the Cabinet Committee on Economic Affairs (CCEA). He said the government raised the MSP of rabi crops to offset the impact of higher input costs like the hike in labour wages and increase in fertiliser and power prices. “We cannot be blind to the fact that there is inflationary pressure,” he added.

New institute for mountaineering

A new institute to train troops as well as civilians in mountaineering will come up in Arunachal Pradesh with the Union Cabinet approving the Rs 81-crore project. The National Institute of Mountaineering & Allied Sports (NIMAS), an autonomous institute under the Ministry of Defence, will come up at Dirang.

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