{"id":299,"date":"2020-03-21T05:24:00","date_gmt":"2020-03-21T05:24:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=299"},"modified":"2024-06-15T10:08:23","modified_gmt":"2024-06-15T10:08:23","slug":"govt-approves-expenditure-of-rs-1061-cr-to-reimburse-losses-on-cotton-sale-under-msp","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2020\/03\/21\/govt-approves-expenditure-of-rs-1061-cr-to-reimburse-losses-on-cotton-sale-under-msp\/","title":{"rendered":"Govt Approves Expenditure of Rs 1,061 cr to Reimburse Losses on Cotton Sale Under MSP"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn%3AANd9GcRATy-7JXKtz9Me0Ce7OCgcngDXO9XmVidDl-4IAP5reyXFzq1I&amp;usqp=CAU\" alt=\"Bt cotton regains farmers' confidence, acreage under crop goes up ...\" width=\"474\" height=\"354\"\/><\/figure>\n\n\n\n<p>The Centre on Saturday approved an additional expenditure of Rs 748.08 crore for the Cotton Corporation of India and Maharashtra State Co-operative Cotton Growers Marketing Federation towards reimbursement of losses on the sale of cotton procured under MSP operations during cotton years 2014-15 and 2015-16.<\/p>\n\n\n\n<p>It also approved an expenditure of Rs 312.93 crore for reimbursing the losses to CCI and MSCCGMFL on the sale of cotton procured under minimum support price (MSP) operations during cotton years 2017-18 and 2018-19. The cotton year is from October to September.<\/p>\n\n\n\n<p>The decisions were taken by the Cabinet Committee on Economic Affairs (CCEA), which also accorded ex-post facto approval for engaging Maharashtra State Co-operative Cotton Growers Marketing Federation Ltd (MSCCGMFL) to undertake MSP operations in the state of Maharashtra as sub-agent of Cotton Corporation of India (CCI) Limited during the cotton years 2017-18 and 2018-19.<\/p>\n\n\n\n<p>&#8220;The approval will help in price support operations of cotton which helps in stabilizing cotton prices and is primarily aimed to safeguard the interests of the farmers and controlling any distress sale,&#8221; an official statement said.<\/p>\n\n\n\n<p>Reference Link: https:\/\/economictimes.indiatimes.com\/news\/economy\/agriculture\/govt-approves-expenditure-of-rs-1061-cr-to-reimburse-losses-on-cotton-sale-under-msp\/articleshow\/74748910.cms<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre on Saturday approved an additional expenditure of Rs 748.08 crore for the Cotton Corporation of India and Maharashtra State Co-operative Cotton Growers Marketing Federation towards reimbursement of losses on the sale of cotton procured under MSP operations during cotton years 2014-15 and 2015-16. It also approved an expenditure of Rs 312.93 crore for [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[13],"tags":[],"class_list":["post-299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-support-to-farmers","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Govt Approves Expenditure of Rs 1,061 cr to Reimburse Losses on Cotton Sale Under MSP - KisanSabha Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/blog.kisansabha.in\/index.php\/2020\/03\/21\/govt-approves-expenditure-of-rs-1061-cr-to-reimburse-losses-on-cotton-sale-under-msp\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Govt Approves Expenditure of Rs 1,061 cr to Reimburse Losses on Cotton Sale Under MSP - KisanSabha Blog\" \/>\r\n<meta property=\"og:description\" content=\"The Centre on Saturday approved an additional expenditure of Rs 748.08 crore for the Cotton Corporation of India and Maharashtra State Co-operative Cotton Growers Marketing Federation towards reimbursement of losses on the sale of cotton procured under MSP operations during cotton years 2014-15 and 2015-16. 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