Kharif MSP hike to cost Centre Rs 33,500 cr more

The new MSP, to be considered by the cabinet on Wednesday, will largely apply to paddy and pulses but will benefit ‘nutri-cereals’ like millets the most. The added cost of MSP is 0.2% of GDP, according to the cabinet note. The share of paddy in the additional outgo will be around Rs 12,300 crore.

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