Cabinet Meeting Today News:
The Union Cabinet held a meeting under the chairmanship of Prime Minister Narendra Modi on Wednesday i.e, 8th September 2021 and many important decisions were taken in this meeting. The Union Cabinet has approved the PLI scheme (production-linked incentive scheme) for the textile sector. And on the other hand, the MSP of Rabi crops has been increased by Rs 40 to 400 per quintal. With this, the highest ever and remunerative price of Rs 290/quintal has been approved for sugarcane farmers. Union Ministers Anurag Thakur and Piyush Goyal shared these decisions of the cabinet earlier this day.
Union Minister Anurag Thakur said that in the cabinet meeting chaired by the Prime Minister, an important decision has been taken regarding the Ministry of Textiles. Incentives worth Rs 10,683 crore will be provided over 5 years. Directly employment opportunities will be created for more than 7.5 lakh people.
So far, we have primarily focused on cotton textile. But 2/3 share of the international textile market is of man-made & technical textile. This PLI scheme has been approved so that India can also contribute to the production of man-made fibers: Union Minister Piyush Goyal pic.twitter.com/eYzuBBr6Ea— ANI (@ANI) September 8, 2021
Union Textiles Minister Piyush Goyal said that by taking advantage of these schemes, India will now be able to show its supremacy in the international market. By doing FTAs with the developed countries also, we are trying to cover our disability in the textile trade in front of the rest of the countries. We hope this decision will produce some global champions. This decision will especially benefit Gujarat, UP, Maharashtra, Tamil Nadu, Punjab, Andhra Pradesh, Telangana, etc.
Union Cabinet has approved PLI Scheme for Textiles for MMF Apparel, MMF Fabrics & 10 segments/products of Technical Textiles with a budgetary outlay of Rs 10,683 crores: Govt of India— ANI (@ANI) September 8, 2021
The Union Cabinet has approved the MSP for Rabi crops for the season 2022-23.
It must be noted that from 26th November last year, against the three new agricultural laws - the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, farmers are protesting at various borders of the national capital against the Price Assurance Contract and Agricultural Services Bill, 2020 and the Essential Commodities (Amendment) Bill, 2020.