Wednesday, January 19, 2022

Centre hikes MSP for Rabi crops; Govt approves procurement of 56 C-295MW transport aircraft for Indian Air Force

The Cabinet Committee on Economic Affairs has approved the increase in the Minimum Support Prices for Rabi crops for Rabi Marketing Season 2022-23.
The MSP on lentil, rapeseeds and mustard have been hiked  by 400 rupees per quintal each, gram by 130 rupees per quintal  and safflower by 114 rupees per quintal.

On wheat, the MSP has been increased by 40 rupees to 2,015 rupees per quintal  and barley by 35 rupees to 1635 rupees per quintal. The decision will ensure remunerative prices to the growers for their produce.
The hike is in line with the Union Budget 2018-19 announcement of fixing the MSPs at a level of at least 1.5 times of the all-India weighted average cost of production, aiming at a reasonably fair remuneration for the farmers.
Union Minister Dharmendra Pradhan has said that the Central government led by Prime Minister Narendra Modi is committed towards the progress of the farmers. Hailing the cabinet decision to hike in MSP for the Rabi marketing season 2022-2023, the Minister described it as a big gift for farmers raising crops like wheat, mustard and pulses.

Cabinet has approved the procurement of 56 C-295MW transport aircraft for the Indian Air Force. Cabinet Committee on Security on Wednesday approved the procurement from M/s Airbus Defence and Space S.A., Spain for the Indian Air Force. C-295MW aircraft is a transport aircraft of 5 to 10 Tonne capacity with contemporary technology that will replace the ageing Avro aircraft of IAF. The aircraft has a rear ramp door for quick reaction and para dropping of troops and cargo.

Sixteen aircraft will be delivered in flyaway condition from Spain within 48 months of signing of the contract and forty aircraft will be manufactured in India by TATA Consortium within ten years of signing of the contract. This is the first project of its kind in which a military aircraft will be manufactured in India by a private company. All fifty-six aircraft will be installed with indigenous Electronic Warfare Suite. The project will give a boost to the aerospace ecosystem in India wherein several MSMEs spread over the country will be involved in manufacturing of parts of the aircraft.

The programme will provide a major boost to the Atmanirbhar Bharat Abhiyan of the Government as it offers a unique opportunity for the Indian Private Sector to enter into technology-intensive and highly competitive aviation Industry. The project will augment domestic aviation manufacturing resulting in reduced import dependence and expected increase in exports.

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