New Delhi, Sept. 26: The government, for the first time in many years, today accepted the recommendations of the CACP in their totality and retained the minimum support price for kharif paddy and coarse cereals at the previous year’s level.
The decision of the Cabinet Committee on Economic Affairs comes hours after Punjab chief minister Amarinder Singh and his Cabinet colleagues courted arrest and met Prime Minister Atal Bihari Vajpayee demanding a hike in MSP of paddy to Rs 660 per quintal for ordinary grade and Rs 726 per quintal for grade A variety from Rs 530 and Rs 560 respectively.
Meanhwile, the government has approved a Rs 737.24-crore project for setting up a residential township at Gurgaon in Haryana. This will be the first FDI in a township project. The township is proposed to be set up on a minimum area of 100 acres.
The government has also decided to extend shipbuilding subsidy scheme to all shipyards, including non-central PSUs and private ones for five years.