"Visiting US Secretaries convey that President Obama attaches great priority to relations with India"
"PM: There is broad convergence of views and interests between India and U.S."

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U.S. Secretary of State John Kerry and U.S. Secretary of Commerce Penny Pritzker called on Prime Minister Narendra Modi today.

In an hour-long meeting, the two visiting Secretaries briefed Prime Minister on the India-U.S. Strategic Dialogue; conveyed that President Obama attached great priority to relations with India, both for bilateral cooperation and global partnership, and looks forward to a productive and fruitful Summit in September in Washington to set an ambitious new agenda to chart a new course in the relationship. l2014080155513 (1) copy _ 684

Prime Minister said that there was broad convergence of views and interests between the two countries. He outlined his vision for India and for the partnership between the world's two largest democracies in addressing global challenges, promoting peace and stability in the world and supporting India's own economic transformation. Prime Minister highlighted the opportunities for partnership in trade, investment, clean energy, innovation, education, skill development, agro-processing, youth empowerment, among others.

Prime Minister emphasized the need for developed countries to understand the challenges of poverty in developing countries and their governments' responsibilities in addressing them, when discussions take place in international forums.

Prime Minister discussed the regional situation, including India's engagement in Asia Pacific region; commitment to bring South Asia together in a united effort to promote regional economic development; India's commitment to continue its support to Afghanistan; and, the need to confront terrorism on the principles of "zero tolerance" for terrorism and eschewing a selective approach to terrorism.

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Prime Minister thanked Secretary Kerry and Secretary Pritzker for visiting India, although it was the U.S. turn to host the Strategic Dialogue; conveyed his appreciation for President Obama's thoughtful and detailed letter; and, asked both sides to prepare for concrete outcomes during the Summit to take the relationship to an entirely new level, on the basis of vision, strategy and action plan.

External Affairs Minister Sushma Swaraj, Principal Secretary Nripendra Misra, National Security Adviser Ajit Doval, and Foreign Secretary Sujatha Singh and other officials were present at the meeting.

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Minimum Support Prices (MSP) for Raw Jute for 2025-26 Season
January 22, 2025

The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has approved the Minimum Support Prices (MSP) of Raw Jute for Marketing season 2025-26.

The MSP of Raw Jute (TD-3 grade) has been fixed at Rs.5,650/- per quintal for 2025-26 season. This would ensure a return of 66.8 percent over the all India weighted average cost of production. The approved MSP of raw jute for Marketing season 2025-26 is in line with the principle of fixing 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 MSP of Raw Jute for Marketing season 2025-26 is an increase of Rs.315/- per quintal over the previous Marketing season 2024-25. Government of India has increased MSP of Raw jute from Rs.2400 /-per quintal in 2014-15 to Rs.5,650/- per quintal in 2025-26, registering an increase of Rs. 3250/- per quintal (2.35 times).

The MSP amount paid to Jute growing famers during the period 2014-15 to 2024-25 was Rs. 1300 Crore while during the period 2004-05 to 2013-14, amount paid was Rs. 441 Crore.

Livelihood of 40 Lakh farm families directly or indirectly depends on Jute Industry. About 4 Lakh workers get direct employment in Jute mills and trade in Jute. Last year jute was procured from 1 Lakh 70 thousand farmers. 82% of Jute farmers belong to West Bengal while rest Assam and Bihar have 9% each of jute production share.

The Jute Corporation of India (JCI) will continue as 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.