Cabinet approves Rs.2.6 trillion kharif MSP outlay, energy security measures
New Delhi, May 13 -- Amid heightened global volatility and supply chain disruptions due to the West Asia war, the Union cabinet on Wednesday cleared a series of proposals to support India's food and energy security, including higher minimum support prices (MSPs) for key kharif crops and a coal gasification incentive scheme to reduce dependence on imported fuel.
The cabinet approved higher MSPs for 14 kharif crops, including paddy and maize, for the 2026-27 marketing season, with an outlay of Rs.2.6 trillion.
It also cleared a Rs.36,500 crore coal gasification scheme, a semi-high-speed double railway line connecting Sankhej to Dholera in Gujarat, and the upgrade of Nagpur International Airport. Together, the decisions entail a total outl...
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