Breaking News
1. Cold-blooded murder: Priyanka Gandhi slams Israel, says its actions show humanity means nothing to them      2. Aurangzeb is irrelevant, says RSS as it condemns violence in Nagpur      3. Meerut murder most foul: Wife & her lover ‘confess’ they bought knife, cement to seal body parts in drum      4. Punjab Police clears Shambhu, Khanauri protest sites, detains farmers’ leaders      5. Indian Researcher In US Faces Deportation For Allegedly "Spreading Hamas Propaganda"      6. NASA astronauts Butch Wilmore and Sunita Williams return to Earth after nine months in space      7. Israel hits Gaza with new airstrikes that kill at least 235 after truce talks stall      8. 45 single-day Dubai trips, multiple businesses: Probe into Ranya Rao case deepens      9. ‘Prayagraj Maha Kumbh reflects spirit of rising India’: PM Narendra Modi addresses Lok Sabha      10. ECI to initiate technical consultations to link Voter ID with Aadhaar      11. Putin holds call with Trump, agrees to pause strikes on Ukraine energy targets      12. Bangladesh slams Gabbard’s remarks on minority persecution      13. India and New Zealand look to bolster ties after reviving free trade talks      14. Nagpur violence updates: Heavy police presence in Mahal after clashes over Aurangzeb tomb; 15 arrested      15. Over 200 Killed In Israel's Biggest Strike On Gaza Since Ceasefire      16. Sunita Williams, Butch Wilmore to return to Earth on March 18: NASA      17. Amid global uncertainties, spy chiefs from across world converge in Delhi      18. Baloch Liberation Army Releases Video Of Pakistani Convoy Attack, Claims 90 Killed      19. Minutes before Vadodara crash: CCTV footage reveals accused, friend's activities      20. Trump-Putin phone call on Tuesday amid Russia-Ukraine peace talks     

Government Increases Sugarcane Purchase Price by Rs 25 to Rs 340 per Quintal

  • Posted on February 22, 2024
  • Business
  • By Arijit Dutta
  • 205 Views

The government has raised the Fair and Remunerative Price (FRP) of sugarcane by Rs 25 to Rs 340 per quintal for 2024-25. This decision aims to support farmers and ensure their welfare amidst ongoing agricultural reforms. Additionally, the Cabinet Committee on Economic Affairs approved various initiatives, including talks with protesting farmers and schemes for livestock management, women's safety, and flood management.

Government Increases Sugarcane Purchase Price by Rs 25 to Rs 340 per Quintal Image Source -www.economictimes.indiatimes.com

In a significant move to bolster the agricultural sector, the government has announced a hike in the sugarcane procurement price by Rs 25, reaching Rs 340 per quintal for the upcoming season 2024-25. Union Minister Anurag Thakur emphasized the decision's alignment with Prime Minister Narendra Modi's longstanding dedication to farmers' welfare and agricultural progress.

"The Cabinet Committee on Economic Affairs has greenlit the Fair and Remunerative Price (FRP) of sugarcane for the 2024-25 sugar season, effective from October 1, 2024," stated Anurag Thakur. This decision aims to ensure fair compensation to farmers, reflecting a commitment to their prosperity.

The revised FRP, approved at Rs 340 per quintal, marks an 8% increase compared to the previous year, underscoring the government's resolve to support farmers amid economic challenges. Anurag Thakur highlighted India's position as the world's highest payer for sugarcane and emphasized the government's efforts to maintain farmers' interests.

Moreover, addressing the ongoing farmers' protests, Anurag Thakur reaffirmed the government's readiness for dialogue, demonstrating a commitment to resolving issues through constructive engagement. He further stressed the importance of India's robust Minimum Support Price (MSP) system, which ensures farmers receive competitive rates for their produce.

Also Read: Revolutionizing Industries: Reliance's 'Hanooman' AI Poised For India's Technological Leap

In addition to sugarcane pricing, the government announced expansions in the National Livestock Mission, aimed at fostering entrepreneurship and breed conservation in sectors such as horse, donkey, mule, and camel farming. Financial incentives and support for semen station and nucleus breeding farm establishment further underscore the government's holistic approach to agricultural development.

Furthermore, initiatives addressing women's safety, flood management, and amendments in Foreign Direct Investment (FDI) policy in the space sector were approved, reflecting the government's multifaceted efforts to promote inclusive growth and sustainable development.

In summary, the government's decision to raise sugarcane procurement prices, coupled with various policy initiatives, underscores its commitment to fostering agricultural prosperity and holistic socioeconomic development.

Author
No Image
Author
Arijit Dutta

You May Also Like