Singapore Foreign Minister calls on PM

Published By : Admin | July 2, 2014 | 15:07 IST
"Year-long series of events planned to mark 50 years of diplomatic relations "

The Minister for Foreign Affairs, and Minister for Law of the Republic of Singapore, Mr. K. Shanmugam, called on the Prime Minister, Shri Narendra Modi today. He conveyed the message of the Prime Minister of Singapore, Mr. Lee Hsien Loong, that the relations between the two countries, which are based on mutual trust, should be made even stronger through a series of concrete steps. 
Singapore foreign minister meet _ 3 _ 684 Singapore foreign minister meet _ 2 _ 684
During the meeting, it was planned that an year-long series of events be held to mark the completion of fifty years of diplomatic relations between Singapore and India. Both Prime Ministers are keen that the occasion should be celebrated in a way that further expands the canvas of the relationship. 

Mutual cooperation in the fields of skill development, development of smart cities, water management, shipping, port management and coastal development was discussed in depth. 

Shri Narendra Modi said that his Government plans a major thrust in low-cost and affordable housing, and sought Singapore's assistance in construction technology for this purpose. 

Observing that Singapore is one of the top tourist destinations worldwide, the Prime Minister suggested that Indian states should hold one-month long special campaigns in Singapore to highlight their tourism potential, during celebrations of the fifty years of relationship. 

The meeting was attended by Smt. Sushma Swaraj, Minister for External Affairs, Mr. Lim Thuan Kuan, High Commissioner of Singapore to India, and senior officials from both sides. 

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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.