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.
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