Cane price hike shows govt committed to fulfilling its pledge for farmers’ welfare: PM


PTI, Feb 22, 2024, 10:48 AM IST

Prime Minister Narendra Modi on Thursday underlined his government’s commitment to fulfilling its pledge for the welfare of farmers, asserting that a ”historic” hike in sugarcane’s price is part of such efforts.

This will benefit crores of sugarcane farmers, he said in a series of posts on X, highlighting several decisions taken by the Union Cabinet on Wednesday.

The Cabinet meeting headed by Modi hiked the minimum price that mills have to pay to sugarcane growers by Rs 25 to Rs 340 per quintal for the 2024-25 season starting October.

An official statement had said after the decision, ”The new FRP will ensure prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that the government is ensuring the world’s cheapest sugar to domestic consumers.”

Reacting to other Cabinet decisions, he said the step taken by it relating to the National Livestock Mission will bring exciting opportunities for entrepreneurs alongside major boosts in fodder production and breed conservation.

The government on Wednesday modified the National Livestock Mission by including various activities and providing 50 per cent capital subsidy to individuals and organisations for establishing horse, donkey, mule, and camel entrepreneurship.

The government on Wednesday also eased Foreign Direct Investment (FDI) norms in the space sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment.

Lauding this, Modi said, ”Charting new orbits for growth and innovation! Our government has updated the FDI policy in the space sector, paving the way for a galaxy of opportunities.”

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Fadnavis told me in 2019 he will groom Aaditya as next CM and will move to Delhi: Uddhav

Sky dining experience set to wow visitors at Panambur beach soon

FIR against HD Kumaraswamy over ‘false statements’: EC

Kerala CM says mainstream media boycotting Left, lauds social media handles for defending party

Christians in Kerala fed up with lies of LDF, UDF: PM Modi

FIR against Vijayendra over derogatory post: EC

Vinesh, Reetika, Anshu secure Paris Olympics quotas for India

Related Articles More

Fadnavis told me in 2019 he will groom Aaditya as next CM and will move to Delhi: Uddhav

Siblings found dead in Delhi house, mother injured; father’s body recovered from railway tracks

Kerala CM says mainstream media boycotting Left, lauds social media handles for defending party

Christians in Kerala fed up with lies of LDF, UDF: PM Modi

Opposition spreading rumours about BJP changing Constitution out of fear of defeat: Thakur

MUST WATCH

Grafting Jack Anil

Heat Illness

Dwarakish death at 81

H. D. Deve Gowda

Aura Cake shop in udupi


Latest Additions

Fadnavis told me in 2019 he will groom Aaditya as next CM and will move to Delhi: Uddhav

Siblings found dead in Delhi house, mother injured; father’s body recovered from railway tracks

IPL 2024: SRH “Head” and shoulders above DC, register 67-run win

Slander against JP Hegde on social media: Complaint filed in Kundapura

Sky dining experience set to wow visitors at Panambur beach soon

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.