MSP hike for 14 kharif crops
▪ The Union Cabinet raised the Minimum Support Price (MSP) for all the mandated 14 Kharif Crops for 2024-25.
▪ The highest MSP has been recommended for oilseeds and pulses.
▪ The MSP is fixed at least 1.5 times of the average cost of production.
▪ In the recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses and oilseeds, and Nutri-cereals/ Shree Anna, by offering a higher MSP for these crops.
About MSP
▪ Mandated for 22 crops – 14 kharif crops, 6 rabi crops and two commercial crops
▪ Kharif crops – Paddy, Jowar, Bajra, Ragi, Arhar (Tur), Moong, Urad, Cotton, Groundnut, Sunflower seed, Soyabean, Sesamum and Nigerseed
▪ MSP is fixed based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
Nalanda Campus
▪ Prime Minister Narendra Modi recently inaugurated the new campus of Nalanda University at Rajgir in Bihar.
▪ It is an International University which located near the site of the ancient ruins of Nalanda.
▪ Nalanda is a symbol of India’s academic heritage and cultural exchange.
▪ It is established through the Nalanda University Act, 2010.
▪ The idea to establish Nalanda was mooted in East Asia Summit which was held in Philippines in 2007.
▪ Chancellor of Nalanda University – Arvind Panagariya.
Note
▪ Nalanda University was built by Kumaragupta of the Gupta dynasty in the 5th century BC.
▪ It was destroyed by Bakhityar Khilji at the end of 12th Century.
