Page 7 - NIS English 1-15 June, 2026
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Union Cabinet Decisions
MSP of Kharif Crops
And Two Semiconductor Projects Approved
The central government DECISION: Approval of MSP for 14 Kharif crops for the marketing
is continuously making season 2026-27
significant decisions to IMPACT: The government has increased the MSP for Kharif crops for
safeguard the interests of the marketing season 2026-27 to ensure that farmers receive remu-
farmers across the country nerative prices for their produce. Compared to the previous year,
and enhance their income. In the highest increase in MSP has been approved for sunflower seeds
line with this endeavour, the (₹622 per quintal), followed by cotton (₹557 per quintal), nigerseed
Union Cabinet has approved (₹515 per quintal), and sesame (₹500 per quintal).
an increase in the minimum
support price (MSP) for the DECISION: Two more projects approved under the Indian Semi-
Kharif season in 2026. This conductor Mission (ISM)
decision marks a significant IMPACT: The two approved proposals will lead to the establishment
step towards boosting farmers’
income, making agriculture of semiconductor manufacturing units in Gujarat, with a total invest-
more remunerative, and ment of approximately ₹3,936 crore; these initiatives are expected to
strengthening the rural generate 2,230 employment opportunities for skilled professionals.
economy. Additionally, the n With these two approvals, the country’s semiconductor ecosystem will
Cabinet also approved several receive a significant boost, as the total number of projects approved
other key proposals, including under the ISM will reach 12, representing a cumulative investment of
two more semiconductor approximately ₹1.64 lakh crore.
projects under the India n These projects will play a complementary role in the country’s
Semiconductor Mission (ISM). emerging world-class chip design capabilities. This initiative has gained
June 1-15, 2026 || NEW INDIA SAMACHAR 5
