DA hike to MSP: Here's a list of key announcements by the Union Cabinet

Quick Summary:

The MSP increase is aimed at providing a safety net for farmers, amidst a "moderation" in inflation, while the DA hike is expected to benefit around 4.91 million employees and 6.

The MSP safeguards farmers against sharp price declines and plays a vital role in maintaining food security.

He pointed out that over the past decade, MSP for these crops has nearly doubled, ensuring farmers receive remunerative prices while promoting crop diversification.

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Category: BusinessFinance

Markets: India

Topics: New MSP rates Infrastructure development Dearness Allowance Ashwini Vaishnaw DA hike Union Cabinet announcements Minimum Support Price DA Hike for central government employees Wheat MSP Revised MSP rates Varanasi Rail Road bridge Rail-road bridge Varanasi Central government employees MSP increase Farmers Latest Central givernment announcements All India Consumer Price Index

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Article Type: News Report

Published On: 2024-10-16 @ 16:47:45 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 512 words

Reading Time: 3 minutes read

Sentences: 26 lines

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Copyright Owner: © Business Standard

News ID: 23086715

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