At present, wheat prices in the Delhi mandis are ruling at around ₹3,000 per quintal, almost 24 per cent higher than the minimum support price (MSP) of ₹2,425 per quintal
The government on Wednesday approved Rs 24,474.53 crore subsidy on phosphatic and potassic (P&K) fertilisers for the rabi season of 2024-25 to ensure supply of crop nutrients to farmers at affordable rates. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Nutrient Based Subsidy (NBS) rates for rabi season 2024 (from October 2024 to March 2025) on P&K fertilizers. "The tentative budgetary requirement for rabi season 2024 would be approximately Rs 24,475.53 crore," an official statement said. The decision is aimed at ensuring the availability of fertilizers to farmers at subsidized, affordable and reasonable prices. The government is making available 28 grades of P&K fertilizers to farmers at subsidized prices through fertilizer manufacturers/importers. The subsidy on P&K fertilizers is governed by the NBS scheme with effect from April 1, 2010. "In view of the recent trends in the international prices of fertilizers & inputs i.e. urea, ...
Department of Consumer Affairs said the assured procurement of these pulses at remunerative prices will help motivate the farmers to enhance the sowing area in respect of tur, urad, and masur
The ministry further added that 2.127 million farmers have already benefitted from the ongoing wheat procurement operations with a Minimum Support Price (MSP) outflow of about Rs. 47,000 crores
Mustard is usually sown in 6.4 million hectares, and sowing in almost 4.6 million hectares is complete till Friday
The Union Cabinet on Wednesday approved the proposal of the department of fertilizers for per kilogram rates of nutrient-based subsidy (NBS) for various nutrients for rabi season 2022-23, starting from October 1, 2022, to March 3, 2023.These nutrients are nitrogen (N), phosphorus (P), potash (K) and sulphar (S) for phosphatic and potassic (P & K) fertilisers.An official release said that subsidy approved by Cabinet for the nutrient-based subsidy (NBS) Rabi-2022 will be Rs 51,875 crore including support for indigenous fertiliser (SSP) through freight subsidy.It said this would enable the smooth availability of all P & K fertilisers to the farmers during Rabi 2022-23 at the subsidised prices of fertilisers and support the agriculture sector. The volatility in the international prices of fertilisers and raw materials has been primarily absorbed by the government, the release said.It said the government is making available fertilisers - urea and 25 grades for P & K ...
Harvesting of paddy has been delayed in the main states of Punjab, Haryana, UP and even Madhya Pradesh because of late withdrawal of southwest monsoon which has left the fields wet
Net subsidy for the rabi season to be at Rs 28,665 crore, said govt
The commission does an elaborate exercise every year of meeting farmer groups and other stakeholders before announcing the kharif and rabi MSPs
Himachal Pradesh government has procured a record 1,00,657 quintals of wheat during the ongoing rabi marketing season which started on April 15
In other words, it is political compulsion, not political expediency, that has prompted the Centre to lift higher quantities of grain, pulses and other farm commodities
Shares buck the market trend, advance between 3 to 8 per cent on Thursday
Farmers could pin their hopes for a better future on the rising inflation rate in some crops at 5.9 per cent in the quarter under review
The cumulative storage in the country's 91 major reservoirs as of last Thursday was 121.7 billion cubic metres of water, nearly a third higher than on the same day last year
Winter rain has been largely poor; from Oct-November 23, it was 42% less than normal