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The Union Cabinet on Wednesday extended the production-linked incentive (PLI) scheme to textiles sector. Under the scheme, incentives worth Rs 10,683 crore will be provided on production to the sector over a span for 5 years.
India’s imports of edible oil could fall to their lowest in six years, contracting for a second straight year because of the coronavirus outbreak and demand squeezed by record prices, a senior industry official said on Wednesday.
The government on Wednesday hiked the minimum support price (MSP) for wheat by Rs 40 to Rs 2,015 per quintal and for mustard seed by Rs 400 to Rs 5,050 per quintal for the current crop year.