(*25*)The Modi authorities on Wednesday permitted a hike in sugarcane Fair and Remunerative Price (FRP) by Rs 25 to Rs 340 per quintal for 2024-25, Union Information and Broadcasting Minister Anurag Thakur knowledgeable.
Making the announcement of presidency’s determination on elevating FRP on sugarcane, Anurag Thakur stated, “As you know, PM Modi has continuously worked for the welfare of farmers and agricultural development over the past 10 years, today’s first decision is also related to CCA. A decision has been made to fix the prices for the upcoming sugarcane season. Cabinet has approved the Fair and Remunerative Price (FRP) of sugarcane payable by sugar factories for sugar season 2024-25 (October-September).”
“…It has been decided to fix the price for the upcoming sugarcane season, in the period from October 1, 2024, to September 30, 2025, to ensure the fair and reasonable price of sugarcane to the farmers by the sugar mills… It has been decided to fix the price at Rs 340 per quintal for the year 2024-25 as compared to the previous year which was Rs 315, which has increased to Rs 340 per quintal this year…”
“The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at Rs 340/quintal at a sugar recovery rate of 10.25%. This is the historic price of sugarcane which is about 8 per cent higher than the FRP of sugarcane for the current season 2023-24. The revised FRP will be applicable w.e.f. Oct 1, 2024,” Cabinet Committee on Economic Affairs (CCEA) stated.
“India is paying the highest price for sugarcane in the world and even this year, the government has taken a decision to give a hike of 8 per cent, which means increase from Rs 315 to Rs 340 per quintal. This is in the interest of the farmers, this is our commitment towards farmers’ income, at least cost +50 per cent profit, but here if you look, it is close to 107 per cent… even though the price of fertilisers has increased across the world, we didn’t let it affect our farmers, we gave subsidy up to Rs 3 lakh crore, we brought Nano Urea… during UPA’s 10 years, on wheat, paddy pulses, oilseeds, Rs 5.5 lakh crore was spent during the procurement of MSP, Modi government spent Rs 18 lakh 39 crore…”
Govt was and is prepared for talks with protesting farmers
Making bulletins about selections taken by the Cabinet Committee on Economic Affairs, Union Minister Anurag Thakur additionally spoke on the farmers protest saying that the federal government was and is prepared for talks with the farmers.
He additional added that the MSP in India on crops is among the many highest on the planet.
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Govt provides extra activites in National Livestock Mission
Among different selections taken by the Cabinet Committee contains the addition of extra actions within the National Livestock Mission.
“Establishment of entrepreneurship for horse donkey, mule, and camel with 50 per cent capital subsidy of up to 50 lakhs can be supplied to the Individuals, FPO, SHG, JLG, FCO and Section 8 firms. Also the state authorities can be assisted for breed conservation of horse, donkey and camel. The Central Government will present 10 crore for institution of semen station and nucleus breeding farm for horse, donkey and camel.
Govt to proceed schemes on ladies’s security
The authorities has permitted MHA’s proposal of continuation of implementation of Umbrella Scheme on âSafety of Womenâ at a complete price of Rs.1179.72 crore throughout the interval from 2021-22 to 2025-26.
Out of the full undertaking outlay of Rs1179.72 crore, a complete of Rs 885.49 crore can be supplied by MHA from its personal finances and Rs 294.23 crore can be funded from Nirbhaya Fund.
Govt approves continuation of centrally sponsored Scheme
The Union Cabinet has additionally permitted the proposal of the Department of Water Resources, RD & GR for the continuation of a centrally sponsored Scheme, viz., âFlood Management and Border Areas Programme (FMBAP)â with a complete outlay of Rs 4,100 crores for a interval of 5 years from 2021-22 to 2025-26.
Modi govt approves modification in FDIÂ coverage on house sector
The authorities has permitted an modification within the Foreign Direct Investment (FDI) within the house sector in accordance to which now, the satellites sub-sector has been divided into three completely different actions with outlined limits for overseas funding in every such sector.
“The Indian Space Policy 2023 was notified as an overarching, composite and dynamic framework to implement the vision for unlocking Indiaâs potential in Space sector through enhanced private participation. The said policy aims to augment space capabilities; develop a flourishing commercial presence in space; use space as a driver of technology development and derived benefits in allied areas; pursue international relations and create an ecosystem for effective implementation of space applications among all stakeholders,” the federal government stated.
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