Hike in MSP of pulses will give output a leg-up: Paswan

Hike in MSP of pulses will give output a leg-up: Paswan

FPJ BureauUpdated: Thursday, May 30, 2019, 12:09 PM IST
article-image

Ludhiana :  The hike in MSP of pulses will boost output, besides helping reduce dependence on their imports, said Food Minister Ram Vilas Paswan on Sunday.

He said further that the production of pulses is expected to touch the 200-lakh tonne mark this year as against the last year’s 176 lakh tonnes. The minister hoped that the hike of up to Rs 425 per quintal in the minimum support price (MSP) of pulses will bring down the gap between production and supply in a big way. “Increasing support price will also drastically reduce our dependence on imports,” he explained.

 Paswan, who also holds the consumers affairs and and public distribution portfolio, was in the city to preside over a meeting of senior officials of the Food Corporation of India (Punjab region).

He later told reporters that in the recent past, the government raided stocks of hoarders in view of the rising prices of pulses and found that most of them were importers of pulses. “Our raids had brought the prices of the pulses down to a large extent,” he stated.

RECENT STORIES

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Divorce Disputes Spill Over To Board Room: Nawaz Modi Alleges Gautam Singhania; Uses Personal...

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Meta Shares Crash Over 10% As Anxiety Over Success Of AI Surges

Land Rover Defender Octa: Most Powerful Version Set to Debut on July 3rd

Land Rover Defender Octa: Most Powerful Version Set to Debut on July 3rd

UK-TIK TOK Ban: How Other Countries are Restricting it

UK-TIK TOK Ban: How Other Countries are Restricting it

Shriram Finance Q4 Results Announces a 150% Dividend, 450% Dividend in a Year

Shriram Finance Q4 Results Announces a 150% Dividend, 450% Dividend in a Year