Cabinet hikes MSP for paddy by a record Rs. 200 quintal; also approves increase of MSP for 14 Kharif crops

CCEA today hiked the minimum support price for paddy by a record 200 rupees per quintal. Briefing about the decision in New Delhi, Home Minister Rajnath Singh said the cabinet has approved the MSP of 14 Kharif crops for the 2018-19 season. The government's price advisory body CACP has calculated production cost of paddy at 1,166 rupees per quintal. The Minister said the government has raised the MSP of paddy (common grade) by 200 rupees to 1,750 rupees per quintal for 2018-19 season. Th...