The Union Cabinet announced the minimum support price (MSP) for 14 Kharif season crops including- paddy, ragi, bajra, jowar, maize and cotton which will have a financial implication of Rs two lakh crore for the government and entail gain of Rs 35,000 crore to farmers over the previous year. Addressing the media after a meeting of the union cabinet, Information and Broadcasting Minister Ashwini Vaishnaw said that the third term of PM Modi is very important as it focuses on continuity with change through many decisions for farmers’s welfare.” The Cabinet has approved Minimum Support Price (MSP) on 14 Kharif season crops including Paddy, Ragi, Bajra, Jowar, Maize and Cotton.”
Ashwini Vaishnaw said, “The third term of PM Modi is very important as it focuses on continuity with change through many decisions for farmers’ welfare. With today’s decision, the farmers will get around Rs 2 lakh crores as MSP. This is Rs 35,000 crores more than the previous season.”
The Union Cabinet has taken a landmark decision by approving India’s first offshore wind energy project. These will be 1GW offshore wind projects, 500 MW each (off the coast of Gujarat and Tamil Nadu). This is a big opportunity for India.
The Union Cabinet has decided to develop an all-weather Greenfield deep-draft Major Port at Wadhwan in Maharashtra and approved aroject of Rs.76,200 crore. This port will have a capacity of 23 million TU capacity. It will have a capacity of 298 million tonnes. This port is estimated to generate 12 lakh employment.
The Cabinet has also approved the expansion of Lal Bahadur Shastri International Airport, Varanasi at a cost of Rs 2,870 crores. The proposal includes extending the runway and building a new terminal building. It will be made a green airport for minimum energy consumption.