The Cabinet Committee on Economic Affairs Wednesday approved price hikes for six rabi crops. The MSP for wheat is now Rs 2,425 per quintal for the 2025-26 marketing season.
Surplus wheat will be sold at Rs 2,325 per quintal & rice at Rs 2,800 per quintal — lower than current market rates. Open market sale is aimed at regulating domestic supply & prices.
The government has said that the stock declaration of wheat and rice will be mandatory for all the traders, wholesalers, retailers, big-chain retailers, and processors in all the states and union territories.
Modi govt allocated 2.5 lakh metric tonnes wheat for NAFED, NCCF & Kendriya Bhandars which was later processed into flour & is being sold at ₹27.50 per kg at outlets & mobile vans.
After Bharat Dal in July, Modi govt Monday launched Bharat Atta, a brand under which it will sell subsidised wheat. Economists say it will likely be forgotten after 2024 elections.
Extreme weather & rising prices in private, international markets led to low procurement last year. This season, state has already contributed over 100 LMT of wheat to central reserves.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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