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Government raises minimum support price for pulses

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday decided to give a bonus of Rs 425 per quintal for pulses.

, ET Bureau|
Updated: Jun 02, 2016, 06.02 AM IST
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The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday decided to give a bonus of Rs 425 per quintal for pulses.
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday decided to give a bonus of Rs 425 per quintal for pulses.
NEW DELHI: The Centre has raised the minimum support price for pulses and included a bonus, in a move that is expected to lead to an increase in farmland under pulses cultivation in the country.

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday decided to give a bonus of Rs 425 per quintal for pulses over and above the minimum support prices (MSP) recommended by the Commission for Agricultural Costs and Prices (CACP) for 2016-17 kharif season in view of a sharp decline in domestic output and ensuing supply crunch.

The MSP for tur/arhar has been set at Rs 5,050 (including Rs 425 bonus) per quintal, an increase of 9.2% over that of last year, while for moong it has been increased 7.7% at Rs 5,225 (including Rs 425 of bonus) and urad at Rs 5,000 a quintal, an increase of 8.1%. Agriculture minister Radha Mohan Singh said remunerative prices announced would increase the area under planting and further the production.

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