CURRENT AFFAIRS

Detailed explanation-1: -A government spokesperson said Rs 828 crore had already been transferred to their accounts so far. The department had processed and approved payments worth Rs 2, 137 crore, which would be credited by the banks directly to the farmers’ accounts on Saturday.

Detailed explanation-2: -The support price of wheat, the main rabi crop, was increased by Rs 110 per quintal (from Rs 2015 in 2022-23 to Rs 2125 in 2023-24)-a hike of around 5.46 per cent.

Detailed explanation-3: -According to an official release, the CCEA has approved an increase in MSPs for six rabi crops for the 2022-23 crop year (July-June) and the 2023-24 marketing season. Wheat MSP has been increased by Rs 110 to Rs 2, 125 per quintal for this crop year from Rs 2, 015 per quintal in the 2021-22 crop year.

Detailed explanation-4: -Published: Tuesday 20 September 2022. The economy of Punjab is mainly agro-based where 85 per cent of the geographical area comes under agriculture. It has a cropping intensity of about 184 per cent and traditionally, the farmer used to follow the maize-wheat or sugarcane-maize-wheat cropping pattern.

Detailed explanation-5: -Wheat procurement for the central pool from Punjab during the last season stood at 132.26 lakh MT. The crop purchase from the State was 127.06 lakh MT, 129.33 lakh MT and 127.26 lakh MT in 2018-19, 2019-20 and 2020-21, respectively.