Cabinet approves MSP hike for raw jute by ₹285 to ₹5,335 for FY25
9 months, 2 weeks 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 Goyal said while announcing the Cabinet decisions. The MSP for the 2024-25 season is in line with the principle of fixing the minimum support price at a level of at least 1.5 times all India's weighted average cost of production as announced by the government in the budget for 2018-19, an official release said. This season, the government has procured more than 624,000 bales of raw jute, a record, at an estimated cost of ₹524.32 crore, benefitting around 165,000 farmers.

India Scheme Msp Cabinet Approves Jute Raw Jute  raw  285  weighted  fy25  crore  cabinet  approves  statement  msp  5335  support  units  price  cost  scheme  jute  hike

History of this topic

Centre hikes MSP for copra for crop season 2025
4 days, 1 hour ago

Centre hikes MSP for copra for crop season 2025

New Indian Express  

As part of its pro-farmers stance since assuming power for its third term, the government on Friday approved an increase in the Minimum Support Price for copra for the 2025 season. The hike includes a rise of Rs 422 per quintal for milling copra and Rs 100 per quintal for ball copra. Briefing the media after the meeting of the …

‘Jute production to be 20% lower this year on floods’
3 months, 1 week 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 …

Centre clears new minimum support price for 14 Kharif crops
6 months ago

Centre clears new minimum support price for 14 Kharif crops

Hindustan Times  

The Narendra Modi government on Wednesday approved the minimum support price on 14 Kharif crops, Union minister Ashwini Vaishnaw announced. The Narendra Modi government on Wednesday approved the minimum support price on 14 Kharif crops Vaishnaw said that after today's decision, the farmers will get around ₹2 lakh crore as MSP. The minister said the Centre had a clear policy …

IndiaAI Mission, DA hike, Ujjwala subsidy: Here are 5 major decisions taken by Cabinet today
9 months, 2 weeks 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 …

Govt hikes wheat MSP by ₹150 per quintal to ₹2,275/quintal for 2024-25: I&B minister
1 year, 2 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, 8 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 …

Jute Commissioner withdraws order capping price of raw jute
2 years, 7 months ago

Jute Commissioner withdraws order capping price of raw jute

The Hindu  

The Office of the Jute Commissioner on Thursday announced the withdrawal of its earlier notification capping theprice of raw jute. In the notification issued on September 30, 2021 the Office of the Jute Commissioner had capped the maximum price of raw jute at ₹6,500 per quintal. The notification withdrawing the cap on the price of raw jute was welcomed by …

Calcutta HC asks Jute Commissioner to review rate of raw jute
2 years, 7 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, 7 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, 7 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, 7 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, 1 month 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, 3 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 …

Gift for Bengal Ahead of Elections? Modi Cabinet Likely to Raise MSP for Jute, Say Sources
3 years, 9 months 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
3 years, 10 months 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, 2 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 …

Discover Related