ECONOMY & INFRASTRUCTURE
MSP
CCEA Greenlights Enhanced Minimum Support Prices for 14 Kharif Crops for 2026–27
The Cabinet Committee on Economic Affairs (CCEA), under the chairmanship of Prime Minister Narendra Modi, has approved a hike in the Minimum Support Prices (MSPs) for 14 Kharif crops.
Sunflower seeds registered the steepest absolute price hike of ₹622 per quintal, followed by cotton (₹557 per quintal) and sesamum (₹500 per quintal).
The MSP for Common Paddy has been revised to ₹2,441 per quintal, while Grade A Paddy will now fetch ₹2,461 per quintal.
This move aims to ensure remunerative prices for farmers, encourage crop diversification, and boost overall agricultural output in the country.
Sunflower seeds registered the steepest absolute price hike of ₹622 per quintal, followed by cotton (₹557 per quintal) and sesamum (₹500 per quintal).
The MSP for Common Paddy has been revised to ₹2,441 per quintal, while Grade A Paddy will now fetch ₹2,461 per quintal.
This move aims to ensure remunerative prices for farmers, encourage crop diversification, and boost overall agricultural output in the country.
Key Facts / Static GK
CCEA Chairman: Prime Minister of India
MSP is recommended by: Commission for Agricultural Costs and Prices (CACP)
MSP is recommended by: Commission for Agricultural Costs and Prices (CACP)
Practice Quiz — 22 May 2026
Q1. Which of the following statements is correct regarding the newly approved Maritime Investment Fund (MIF)?
Answer: (C) It is a sub-segment of the broader ₹25,000-crore Maritime Development Fund (MDF) managed by SBI Ventures. — The Maritime Investment Fund (MIF) is a ₹20,000 crore fund which is a key component of the broader ₹25,000-crore Maritime Development Fund (MDF) and will be managed by SBI Ventures as a closed-end Category I/II AIF.
Q2. What is the minimum bid size required for banks participating in the RBI's USD-INR buy/sell swap auction?
Answer: (C) USD 10 million — According to the bidding conditions announced by the RBI for the USD-INR swap auction, the minimum bid size must be USD 10 million, with additional bids in multiples of USD 1 million.
Q3. Which crop received the highest absolute Minimum Support Price (MSP) increase for the 2026–27 marketing season?
Answer: (D) Sunflower Seed — Sunflower seed registered the highest absolute increase of ₹622 per quintal, followed by cotton at ₹557 per quintal and sesamum at ₹500 per quintal.
Q4. Who has been assigned the charge of the newly created, first-of-its-kind Cabinet-Level AI portfolio in Kerala?
Answer: (A) P. K. Kunhalikutty — The newly created Artificial Intelligence portfolio in Kerala has been assigned to senior leader P. K. Kunhalikutty as part of the cabinet restructuring under the state government.
Q5. Where is India's first SME-led semiconductor ATMP/OSAT facility located?
Answer: (A) Bhiwadi, Rajasthan — India's first SME-led semiconductor ATMP/OSAT facility has been established in Bhiwadi, Rajasthan, by Sahasra Semiconductors Pvt. Ltd.
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