M A I N   N E W S

MSP for paddy raised by Rs 10
PM to head Jallianwala Trust
Tribune News Service

New Delhi, July 27
The minimum support price for paddy for the Kharif 2006-07 has been fixed at Rs 580, a marginal hike of Rs 10, by the Cabinet Committee of Economic Affairs. The meeting presided over by Prime Minister Manmohan Singh decided to fix the Grade ďAĒ variety paddy at Rs 610, a notional hike of Rs 10.

The government also raised the MSP for cotton (medium staple length) and cotton (long staple length) by Rs 10 each to Rs 1770 and Rs 1990, respectively The MSP for niger seed was raised from Rs 1200 to Rs 1220, tur (arhar) from Rs 1400 to Rs 1410, bajra and ragi from Rs 525 to Rs 540, hybrid jowar from Rs 525 to Rs 540 and maldani jowar from Rs 525 to Rs 540, Information and Broadcasting Minister Priya Ranjan Dasmunshi announced after a meeting of the Cabinet Committee on Economic Affairs here tonight.

Mr Dasmunshi said the MSP for other kharif crops for 2006-07 season will remain the same as last seasonís.

An incentive bonus of Rs 50 per quintal beyond the MSPs of bajra, jowar and ragi will be provided on the condition that the entire procured quantities are distributed in lieu of wheat through the public distribution system.

If the prevailing market price is above the MSP, then arrangements are to be made to procure these coarse grains on the prevailing market price.

The prices for different groups of rice varieties will be derived from the MSPs of paddy on the bases of hulling / milling ratios as well as processing and incidental charges obtaining in different states.

In the case of cereals, the FCI and other designated state agencies will continue to provide price support to the farmers, as in the past.

The National Agricultural Cooperative Marketing Federation (NAFED) would continue to be the nodal agency for procurement of oilseeds and pulses, and losses, if any, will be fully reimbursed. NAFED would also continue to undertake cotton procurement, in addition to the CCI.

The Union Cabinet gave its approval for assuming the share of the Government of India, estimated at around Rs 356 crore and working out modalities for finding the resources for the amount. This amount is 50% of the total estimated interest on overdue loans of Rs 712 crore which is being waived in the six debt-stressed districts of Vidharbha in Maharashtra.

The Cabinet also gave its approval for applying the same relaxed standards of quality and the pecifications as applicable to wheat import by Public Sector scheme of wheat import under OGL till 31.12.2006.

The decision of the Cabinet will improve wheat availability in the country and stabilise the wheat prices.

The Cabinet also gave its approval to the amendment of the Jallianwala Bagh National Memorial Act, 1951. The Bill would be introduced in the current session of the Parliament.

Mr Dasmunshi said the amendment Bill sought to reorganise the Jallianwala Bagh Trust and memorial with the Prime Minister as its chairperson and the Congress president and the Leader of the Opposition and three ministers from the Union Cabinet, the Union Minister of Culture and the Governor of Punjab and the Chief Minister of the state as members.




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