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April 13, 2024
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Central Govt’s festival bonanza: MSP and DA hike, big boost for farmers and employees

New Delhi: In a significant move, the central government has made two major announcements ahead of the upcoming assembly elections. These announcements are poised to impact both the farming community and government employees.

Information and Broadcasting Minister Anurag Thakur shared the government’s decision to increase the minimum support price (MSP) for wheat. The MSP for wheat will see a substantial hike of Rs 150 per quintal, marking a significant change. With this decision, the MSP for wheat will now stand at Rs 2,275 per quintal for the 2024-25 marketing season. This noteworthy increase represents the highest adjustment since the Narendra Modi-led government assumed power in 2014. The decision was reached during a meeting of the Cabinet Committee on Economic Affairs, presided over by Prime Minister Narendra Modi. It is a move aimed at supporting and empowering the agricultural sector.

Currently, the MSP for wheat stands at Rs 2,125 per quintal. This adjustment acknowledges the dedication and hard work of our farmers, ensuring their efforts are adequately rewarded.

Additionally, the central government has also announced a 4% increase in the Dearness Allowance (DA) for government employees. This boost will raise the DA to 46% of their basic salary. Moreover, non-gazetted railway employees will receive a bonus equivalent to 78 days’ salary, providing a welcome financial relief to those in this sector.

This beneficial decision is set to positively impact 48.67 lakh central government employees and 67.95 lakh pensioners. It is noteworthy that these adjustments will come into effect from July 1, 2023, signaling a further step towards enhancing the well-being and financial security of government employees.

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