The Centre on Wednesday announced an enhanced minimum support price for rabi crops for 2018-’19, ANI reported. Union Law Minister Ravi Shankar Prasad said the minimum support price for wheat has been raised by Rs 105 per quintal, barley by Rs 30 per quintal, masur dal by Rs 225, gram by Rs 220, rapeseed and mustard by Rs 22.
“By increasing the MSP [minimum support price] today, the farmers of India will have an additional income to the tune of Rs 62,635 crore,” Prasad told reporters.
The minister also announced that the Cabinet has approved a Memorandum of Understanding between India and Russia on road transport and road industry. The agreement will be signed during Russian President Vladimir Putin’s two-day visit, which begins on Thursday.
Prasad also said that the Cabinet had approved a Centre and State collaboration on a metro project in Bhopal and Indore. The projects are estimated to cost Rs 6,941.40 crore in Bhopal and Rs 7,500.80 crore in Indore and will be built in four years, the minister added.
Prasad said the Cabinet has also approved the Indian Railway Station Development Corporation’s project to redevelop railway stations.