Dinesh K Sharma, Editor

Cabinet approves higher minimum support prices for 2022-23 kharif season

New Delhi: India’s cabinet on June 8 approved a hike in minimum support prices for 17 crops for the 2022-23 kharif marketing season, Anurag Singh Thakur, the minister for information said.

The approved rates are in line with the principle of fixing the MSPs at a level of at least 1.5 times of the all India weighted average cost of production, an official said.

MSP refers to a state-set price at which government agencies procure select crops from farmers to shield them from price volatilities.

CROP INCREASE IN MSP (RS/QUINTAL) MSP 2022-23 (RS/QUINTAL)
Paddy (common) 100 2040
Paddy (grade A) 100 2060
Jowar (hybrid) 232 2970
Jowar (Maladandi) 232 2990
Bajra 100 2350
Ragi 201 3578
Tur 300 6600
Moong 480 7755
Urad 300 6600
Groundnut 300 5850
Sunflower seed 385 6400
Soyabean (yellow) 350 4300
Sesamum 523 7830
Nigerseed 357 7287
Maize 92 1962
Cotton (medium staple) 354 6080
Cotton (long staple) 355 6380

ED raids GBP builders in Chandigarh: accused of duping crores are absconding; Many documents, cash, and Audi seized.

Dinesh K Sharma

Chandigarh: The Enforcement Directorate (ED) has raided the premises of Gupta Builders and Promoters (GBP), who are absconding in the case of not giving possession on time despite taking crores of rupees from customers. According to the information, the ED has raided 19 locations including GBP and other embellishments. The raid has been conducted simultaneously in Chandigarh, Ambala, Panchkula, and Delhi. According to sources, during the raid, the ED seized several incriminating documents, worth Rs 85 lakh, during the Audi Q7 car search.

According to the information, cases are also registered against the builder in Punjab and Haryana. Cases have been registered against builders Satish Gupta, Raman Gupta, Pradeep Gupta, and Anupam Gupta associated with GBP. All of them are absconding.

Chandigarh Police has registered 9 cases against GBP on the different complaints of the customers, who were duped crores of rupees in the name of getting them flats. The promoters of the real estate and housing project group are fugitives. According to sources, he fled abroad fearing arrest. About 3 weeks ago, the EOW department of Chandigarh Police registered a fresh FIR on the complaints of 29 people. Each person was cheated between Rs 39 lakh and Rs 55 lakh. The case was registered on the complaint of Darmian Singh of Sector 20.

File photo of the people who were cheated while protesting outside the GBP office.

Ethanol Petrol Blending: PM Modi announced achieving the target ahead of its schedule.

New Delhi: On the occasion of World Environment Day, the Prime Minister, Narendra Modi gave a great message to the nation at a program on ‘Save Soil’ held at Vigyan Bhawan in the capital today. In fact, amid rising petrol and diesel prices, the country’s oil companies have achieved their target of 10 percent ethanol petrol blending. During the program, Prime Minister Modi said that the country had achieved this goal five months ago. Let me tell you that due to ethanol petrol blending, the country’s farmers, as well as carbon emissions, are coming down drastically.

In May, Union Petroleum Minister Hardeep Singh Puri had said that the level of ethanol bleaching in petrol in India had reached 9.99 percent. Importantly, India had set a target of 10 percent ethanol blend in petrol by 2022 and 20 percent blend by 2030. In addition, the central government has set a target of mixing 5% of bio-diesel with diesel by 2030. Accordingly, the oil companies have already achieved the target of 10 percent about five months ago. Ethanol petrol bleaching has also saved the country’s foreign exchange.

The ethanol blending program in petrol aims to reduce the country’s dependence on crude oil imports, reduce carbon emissions and increase farmers’ incomes. The Center has announced an additional charge of Rs 2 per liter on blended fuels from October to promote blending. In May, Union Petroleum Minister Hardeep Puri had said that the target of 9.99 percent ethanol blending in petrol has been achieved by the country’s oil marketing companies. “India is ready to achieve 20% blending of ethanol petrol bleed by 2025-2026,” claimed Puri.

In a shocker, the government limited the subsidy on LPG gas only for the beneficiaries under Ujwala scheme.

New Delhi: The government has limited subsidies on LPG. Millions of subsidized consumers will now have to pay for an LPG cylinder at the market price. Now only 90 million poor women and other beneficiaries who have availed of free connection under Ujwala scheme will get a subsidy of Rs 200.

 

Oil Secretary Pankaj Jain said in a statement that since June 2020, there has been no subsidy on LPG and only those beneficiaries under Ujwala scheme were entitled for the subsidy announced by Finance Minister Nirmala Sitharaman on March 21. He said that from the early days of Kovid there was no subsidy for LPG consumers. He said that since then it was the only subsidy that was now given to the Ujwala beneficiaries.

 

Announcing a record reduction of Rs 8 per liter on excise duty on petrol and Rs 6 per liter on diesel, Union Finance Minister Sitharaman had said that the beneficiaries of Ujwala Yojana would get a subsidy of Rs 200 per cylinder on 12 cylinders a year. Will get

 

In the national capital, a 14.2 kg LPG cylinder costs Rs 1,003. Beneficiaries of Pradhan Mantri Ujwala Yojana will get a subsidy of Rs. 200 directly in their bank account and the effective price for them will be Rs. 803 per 14.2 kg cylinder. For the rest, it will cost Rs 1,003 in Delhi. The government will have to spend Rs 6,100 crore on a Rs 200 subsidy.

 

The government abolished subsidies on petrol in June 2010 and diesel in November 2014. After a few years, the subsidy on kerosene has come to an end and now for most people, the subsidy on LPG has come to an end effectively. However, there is no formal order to abolish subsidies for petrol, diesel and kerosene.

 

There are about 305 million LPG connections in the country. Out of this Rs. 9 crore has been provided under Pradhan Mantri Ujwala Yojana. In the last six months, LPG rates have risen by only 7%, while Saudi CP (benchmark used for LPG prices) has risen by 43%.