Daily Current Affairs 2024, Date wise Current Affairs | Current Affairs in English and Hindi

Get the Daily and Latest Current Affairs 2024 on our website. These current affairs are Updated by our specialists and are relevant for all competitive tests UPSC, SSC, IAS, Railway-RRB, UPPSC, and Other State Government and Central Jobs/Exams.


Govt. hikes raw jute MSP by Rs 300 to Rs 5050 per quintal

Category : Business and economics
Published on: March 28 2023 Share on facebook

  • The government on Friday increased the minimum support price of raw jute by Rs 300 to Rs 5,050 per quintal for 2023-24 season.
  • The decision was taken at the Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi.
  • The MSP of Raw Jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs 5,050 per quintal for 2023-24 season.
  • The announced MSP of raw jute for 2023-24 season is in line with the principle of fixing the MSP at a level of at least 1.5 times all India weighted average cost of production as announced by the government in the Budget 2018-19.
  • The Jute Corporation of India (JCI) will continue as the central government nodal agency to undertake price support operations and the losses incurred, if any, in such operations, will be fully reimbursed by the central government.
Recent Post's
  • Rashtriya Raksha University has collaborated with Starburst Aerospace and established a €100 million fund to enhance innovation in aerospace and defence.

    Read More....
  • India maintained its position as the fourth largest military spender globally in 2023, with a military expenditure of $83.6 billion, representing a 4.2% increase from 2022, as per the SIPRI report.

    Read More....
  • Microsoft has introduced Phi-3-mini, a lightweight artificial intelligence model, aiming to broaden its client base with cost-effective options, marking the first release of three small language models by the company.

    Read More....
  • Razorpay has introduced its UPI infrastructure, UPI Switch, in collaboration with Airtel Payments Bank, marking a cloud-based innovation.

    Read More....
  • DRDO has introduced India's lightest bulletproof jacket, designed to offer protection against the highest level of threats.

    Read More....
  • Ramdev and Balkrishna, co-founders of Patanjali Ayurved Limited, issued a new public apology in newspapers after the Supreme Court questioned the visibility of their previous apology in the Patanjali ads case.

    Read More....
  • Perplexity AI, an AI search engine firm, secured $62.7 million in funding, marking a venture into the enterprise market with a valuation of $1.04 billion.

    Read More....
  • Leaders of 10 multilateral development banks have announced joint steps to enhance collaboration and amplify their impact in addressing urgent development challenges.

    Read More....
  • C-DOT and IIT Jodhpur have signed an agreement to develop AI frameworks for automated network management in 5G and beyond.

    Read More....
  • Kate Middleton, in recognition of her expanding role within the royal family, has been bestowed with the title of Princess of Wales by King Charles.

    Read More....