Cabinet hikes raw jute MSP by 6 per cent to Rs 5,650 per quintal; reviews NHM outcomes
1 month, 3 weeks ago

Cabinet hikes raw jute MSP by 6 per cent to Rs 5,650 per quintal; reviews NHM outcomes

New Indian Express  

NEW DELHI: The Union Cabinet on Wednesday decided to hike the Minimum Support Price for raw jute by 6 per cent to Rs 5,650 per quintal for the 2025-26 marketing season. Briefing the media after the Union Cabinet meeting, chaired by Prime Minister Narendra Modi, Commerce & Industry Minister Piyush Goyal said the new MSP for jute ensures a return of 66.8 per cent over the all-India weighted average cost of production and will benefit growers. The government has increased the MSP of raw jute from Rs 2,400 per quintal in 2014-15 to Rs 5,650 per quintal for the 2025-26 marketing season, marking an increase of 2.35 times, the minister noted. The approved MSP of raw jute for the 2025-26 marketing season aligns with the principle of fixing MSP at a level of at least 1.5 times the all-India weighted average cost of production, as announced by the government in the Budget 2018-19, according to an official release.

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History of this topic

Centre hikes MSP on jute by ₹315 per quintal
1 month, 3 weeks ago

Centre hikes MSP on jute by ₹315 per quintal

The Hindu  

The Cabinet Committee on Economic Affairs has fixed the Minimum Support Price of raw jute for 2025-26 marketing season at ₹5,650 per quintal. Announcing the decision at a press conference here on Wednesday, Union Commerce Minister Piyush Goyal said the new MSP will ensure a return of 66.8% over the average cost of production and will benefit jute growers. In …

Modi Cabinet extends National Health Mission for next 5 years, increases jute MSP
1 month, 3 weeks ago

Modi Cabinet extends National Health Mission for next 5 years, increases jute MSP

India TV News  

In the latest development, the Centre has increased the Minimum Support Price for Jute by Rs 315 per quintal or 6 per cent year-on-year for 2025-26. The new MSP of Rs 5,650 per quintal will yield a 66.8 per cent profit for the producers. While announcing Cabinet decisions, Union Minister Piyush Goyal said, "Jute production is based on a variety …

‘Jute production to be 20% lower this year on floods’
6 months ago

‘Jute production to be 20% lower this year on floods’

The Hindu  

Jute production is expected to drop by 20% this financial year, said Shashi Bhushan Singh, secretary of the National Jute Board. It was ₹3,000 crore last financial year and was projected to be almost ₹3,500 crore during the current fiscal. It was estimated that one tonne of jute plant would give 495 litres of ethanol. Another project was to make …

Will Modi govt bring law to give legal guarantee of MSP? Agri minister keeps everyone guessing – Firstpost
7 months, 2 weeks ago

Will Modi govt bring law to give legal guarantee of MSP? Agri minister keeps everyone guessing – Firstpost

Firstpost  

On Friday, the Union Agriculture and Farmer Welfare Minister Shivraj Singh Chouhan said that the BJP-led NDA government is constantly increasing MSP on food grains in view of farmers’ welfare The question of whether the government will work up a law to provide a legal guarantee of minimum support price on agricultural produce has once again come up in the …

IndiaAI Mission, DA hike, Ujjwala subsidy: Here are 5 major decisions taken by Cabinet today
1 year ago

IndiaAI Mission, DA hike, Ujjwala subsidy: Here are 5 major decisions taken by Cabinet today

Hindustan Times  

Union minister Piyush Goyal on Thursday announced five major decisions taken by the Narendra Modi government in its cabinet meeting. Here's a look at the major decisions announced by the union minister today: Union minister Piyush Goyal briefs the media on Cabinet decisions. 4% increase in dearness allowance The Union Cabinet approved a hike in Dearness Allowance to government employees …

Cabinet approves MSP hike for raw jute by ₹285 to ₹5,335 for FY25
1 year ago

Cabinet approves MSP hike for raw jute by ₹285 to ₹5,335 for FY25

Live Mint  

New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Thursday, approved raising the minimum support price of raw jute by ₹285 to ₹5,335 per 100 kg for the 2024-25 season. An estimated 4.0 million jute farmers and their households, and 500,000 workers involved with jute mills will benefit from the move, Union minister Piyush …

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister
1 year, 5 months ago

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister

The Hindu  

October 18, 2023 05:03 pm | Updated 05:39 pm IST - New Delhi Ahead of assembly polls in key wheat growing states, the government on Wednesday announced an increase in the minimum support price of wheat by ₹150 to ₹2,275 per quintal for the 2024-25 marketing season. Currently, the MSP on wheat stands at ₹2,125 per quintal for the 2023-24 …

Centre announces hike in DA, MSP on jute prices and more; here are the details
1 year, 11 months ago

Centre announces hike in DA, MSP on jute prices and more; here are the details

Live Mint  

Union Information and Broadcasting Minister Anurag Thakur on 24 march announced that the cabinet increased the dearness allowance and dearness relief by 4 per cent to 42 per cent to benefit 47.58 lakh central government employees and 69.76 lakh pensioners. He also announced that the government has decided to hike MSP on jute by ₹300 to ₹5,050 per quintal. Here …

Calcutta HC asks Jute Commissioner to review rate of raw jute
2 years, 10 months ago

Calcutta HC asks Jute Commissioner to review rate of raw jute

The Hindu  

The Calcutta High Court on May 11 directed the Jute Commissioner to review and re-fix the rate of raw jute if the notified rate cannot be adhered to. “The Jute Commissioner is directed to take positive steps and adopt stringent measures to implement the notified rate, but despite all efforts, if it appears that the notified rate cannot be adhered …

Tripartite meeting on jute crisis positive, says IJMA
2 years, 10 months ago

Tripartite meeting on jute crisis positive, says IJMA

The Hindu  

A tripartite meeting on the ongoing crisis in the jute industry was held in New Delhi on Monday and according to Indian Jute Mills Association the meeting was ‘positive’. Sources at IJMA said Ministry of Textiles Secretary deliberated in detail on both issues of price fixation of raw jute and the implementation of tariff commission’s report. “The issues raised by …

The recent woes of the jute industry in West Bengal
2 years, 10 months ago

The recent woes of the jute industry in West Bengal

The Hindu  

The story so far: Member of Parliament from Barrackpore constituency in West Bengal, Arjun Singh, met Textile Minister Piyush Goyal on Saturday to apprise him about issues concerning jute farmers, workers and the overall jute industry. The Barrackpore MP had earlier written to West Bengal Chief Minister Mamata Banerjee, seeking her intervention into the “arbitrary decision” of capping the price …

BJP MP targets Union Textile Minister on Bengal jute crisis, threatens to launch movement
2 years, 10 months ago

BJP MP targets Union Textile Minister on Bengal jute crisis, threatens to launch movement

The Hindu  

The crisis in the jute industry in West Bengal is making Bharatiya Janata Party leaders from the State jittery. With nearly a dozen of jute mills closed and thousands of workers out of work, BJP MP Arjun Singh on Wednesday threatened to launch a movement against the Jute Commissioner Office over the unavailability of raw material and the price fixed …

Union Cabinet clears reservation norms for mandatory use of jute in packaging
3 years, 4 months ago

Union Cabinet clears reservation norms for mandatory use of jute in packaging

Firstpost  

The Cabinet Committee on Economic Affairs, headed by PM Modi, mandated 100 percent use of jute bags for packaging foodgrains and 20 percent for sugar, bringing relief to 3,70,000 jute workers The Narendra Modi Cabinet on Wednesday approved the reservation norms for mandatory use of jute for packaging purposes for 2021 -22 under the JPM Act, 1987. The Cabinet Committee …

Govt Hikes Wheat MSP by Rs 40 to Rs 2,015 Per Quintal for 2021-22 Crop Year
3 years, 6 months ago

Govt Hikes Wheat MSP by Rs 40 to Rs 2,015 Per Quintal for 2021-22 Crop Year

News 18  

New Delhi: The government on Wednesday hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year. According to an official release, the CCEA has approved increase in the MSP for six rabi crops for the 2021-22 crop year …

Modi Govt hikes wheat MSP to Rs 2,015 per quintal amid ongoing farmers' protest
3 years, 6 months ago

Modi Govt hikes wheat MSP to Rs 2,015 per quintal amid ongoing farmers' protest

India TV News  

Rabi crop MSP: The government on Wednesday hiked the minimum support price for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year in order to boost crop area as well as income of farmers. Wheat MSP has been increased by Rs 40 to …

MSP hike to boost farmers’ income, improve living standards, says PM Modi
3 years, 9 months ago

MSP hike to boost farmers’ income, improve living standards, says PM Modi

Live Mint  

With the Centre hiking the MSP of several crops on Wednesday, Prime Minister Narendra Modi said the move will boost farmers' income and improve their living standards. The support price of maize has been increased marginally by ₹20 to ₹1,870 per quintal for the 2021-22 crop year from ₹1,850 per quintal last year. The moong support price has been increased …

Bengal govt calls meeting with industry stakeholders on May 10 over COVID pandemic
3 years, 10 months ago

Bengal govt calls meeting with industry stakeholders on May 10 over COVID pandemic

India TV News  

The West Bengal government has called a meeting on May 10 with stakeholders of industry, factories, tea gardens to ensure the protection of workers from the pandemic and continuity of business due to the raging second wave of COVID pandemic, sources said. "A virtual meeting will be held on May 10 which will be presided by the principal secretary of …

Gift for Bengal Ahead of Elections? Modi Cabinet Likely to Raise MSP for Jute, Say Sources
4 years ago

Gift for Bengal Ahead of Elections? Modi Cabinet Likely to Raise MSP for Jute, Say Sources

News 18  

The Narendra Modi government is considering raising the Minimum Support Price on Jute ahead of the assembly elections in West Bengal in what would be the latest move as part of a continued outreach to farmers in the state. Jute production employs about two lakh workers in the West Bengal alone and four lakh workers across the country. Farmers are …

Govt Hikes MSP of Milling Copra By Rs 375 Per Quintal, Ball Copra Up Rs 300 Per Qtl
4 years, 1 month ago

Govt Hikes MSP of Milling Copra By Rs 375 Per Quintal, Ball Copra Up Rs 300 Per Qtl

News 18  

The government on Wednesday approved an increase in the minimum support price of milling copra by Rs 375 per quintal and ball copra by Rs 300 per quintal to boost farmers’ income. The MSP for fair average quality of milling copra has been increased to Rs 10,335 per quintal from Rs 9,960 per quintal for 2020 season, while the MSP …

Centre Rejects Mills' Plea to Import Raw Jute from Bangladesh
4 years, 5 months ago

Centre Rejects Mills' Plea to Import Raw Jute from Bangladesh

News 18  

Kolkata: The Centre has turned down mills' plea to import raw jute from Bangaldesh, contending that there is enough stock for the next few months. Mill owners are witnessing extremely high demand for jute bags this year, owing to large orders from Food Corporation of India and the West Bengal government. "Considering the monthly consumption of raw jute which has …

Uttarakhand increases wheat MSP by Rs 65 to Rs 1,925 per quintal
5 years ago

Uttarakhand increases wheat MSP by Rs 65 to Rs 1,925 per quintal

India TV News  

The Uttarakhand government on Tuesday hiked the Minimum Support Price for wheat by Rs 65 to Rs 1,925 per quintal from Rs 1,860 per quintal. Chief Minister Trivendra Singh Rawat gave his nod for the hike in wheat MSP while reviewing preparations for rabi purchase season. He said wheat purchase centres should be set up in time, and also issued …

Delhi government plans 50% higher MSP for grain
6 years ago

Delhi government plans 50% higher MSP for grain

The Quint  

New Delhi, Feb 24 The Delhi government said here on Sunday it plans to implement the Swaminathan committee report and allow 50 per cent higher minimum support price for farmers. Under the proposed "Mukhya Mantri Kisan Mitra Yojna", the MSP with 50 per cent margin at the cost of production is likely to be Rs 2,616 per quintal for wheat …

Cabinet hikes minimum support prices of Rabi crops; MSP for wheat up by Rs 105 per quintal for 2018-19
6 years, 5 months ago

Cabinet hikes minimum support prices of Rabi crops; MSP for wheat up by Rs 105 per quintal for 2018-19

Firstpost  

New Delhi: The Government on Wednesday announced 6 percent hike in support price of wheat at Rs 1,840 per quintal, a move that will give farmers an additional income of Rs 62,635 crore and help contain their simmering discontent over high input cost and low sales realisation. The Cabinet has approved a Rs 105 per quintal hike in wheat MSP …

Cabinet approves MSP hike for raw jute
6 years, 10 months ago

Cabinet approves MSP hike for raw jute

ABP News  

New Delhi, April 26 : The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved an increase in the Minimum Support Price for raw jute for the 2018-19 season. The MSP for Fair Average Quality of raw jute has therefore been increased to Rs.3700/- per quintal for the 2018-19 season from Rs. The increase in MSP is …

Govt hikes pulses MSP by up to Rs 425/qtl to boost output
8 years, 9 months ago

Govt hikes pulses MSP by up to Rs 425/qtl to boost output

Firstpost  

Government today sharply hiked the minimum support price of pulses by up to Rs 425 per quintal for this year to boost output and check price rise, while making a modest raise of Rs 60 in paddy MSP to Rs 1,470 per quintal. New Delhi: Government today sharply hiked the minimum support price of pulses by up to Rs 425 …

Jute industry faces challenge from imports
10 years, 6 months ago

Jute industry faces challenge from imports

The Hindu  

Jute industry in the North Andhra region is mired in crisis, as factories are facing a major challenge from Bangladesh, which exports raw and finished products to India at cheaper prices. Recently, Swarnandhra Jute Mill of Pydibhimavaram, DJR Jute Mills of Lolugu, SKSN Jute Mills Private Limited of Regidi Amdalavalasa and Navya Jute Twine Mills Private Limited of Bobbili stopped …

Govt announces wheat MSP hike of Rs 65 per quintal
12 years, 2 months ago

Govt announces wheat MSP hike of Rs 65 per quintal

India TV News  

New Delhi, Dec 26: The government on Wednesday announced Rs 65 per quintal hike in wheat support price to farmers at Rs 1,350 after delay of almost two months and allowed an additional 2.5 million tonnes of wheat export from its godowns to ease storage crunch. "The CCEA has decided wheat MSP at Rs 1350 per quintal for the 2013-14 …

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