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The Economic Times

Modi Cabinet approves MSP hike for paddy and Kharif crops

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In order to woo the farmers just before the 2019 general elections, the Union Cabinet today approved the Minimum Support Price (MSP) for Kharif crops for 2018-19. The move to hike the MSP for Kharif crops is in line with the government's Budget announcement of hiking the support price by one-and-a-half times of the production cost for Kharif crops.

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