India’s cabinet approves Rs 1,700 crore additional outlay for northeast power project

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The Cabinet Committee on Economic Affairs has approved the revised cost estimate of Rs 6,700 crore for the north eastern region power system improvement project (NERPSIP) which aims to augment power transmission and distribution systems in the area. The project was sanctioned by the government in December, 2014, with the initial cost estimate of Rs […]

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India approves mandatory packaging of food grains in jute bags which are in short supply for kharif procurement

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As news about shortage of gunny bags made out of jute creating hinderances in kharif procurement hit the market, the government decided to extend the norms for mandatory packaging of 100 per cent food grains and 20 per cent sugar in diversified jute bags. The decision on the extension of norms for mandatory packaging in […]

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Cabinet approves extension of jute packaging norms for foodgrains and sugar

The Cabinet has approved extension of norms for mandatory packaging of foodgrains and sugar in jute material for the Jute Year 2019-20. The decision taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, mandates that 100 per cent of the foodgrains and 20 per cent of sugar will be mandatorily […]

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Govt approves Rs 6,268 crore subsidy to promote sugar exports

The government of India has announced a Rs 6,268-crore subsidy for export of 6 million tonnes of sugar for 2019-20 marketing year, starting in October, to help cash-strapped mills liquidate surplus and clear sugarcane arrears to farmers. The Cabinet Committee on Economic Affairs (CCEA) has given its approval for providing a lump sum export subsidy […]

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Indian cabinet hikes MSP of Kharif crops for 2019-20 season

In a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all Kharif crops for 2019-20 Season. The move will lead to increased investment and production through assured remunerative prices to the farmers, an official […]

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