Prime Minister Shri Narendra Modi chaired a video meeting of the Governors and Chief Ministers of States and Lt Governors of Union Territories today, to discuss aspects relating to India’s G20 Presidency.

Prime Minister in his remarks stated that India’s G20 Presidency belongs to the entire nation, and is a unique opportunity to showcase the country’s strengths.

Prime Minister emphasized the importance of teamwork, and sought the cooperation of the States / UTs in the organization of various G20 events. He pointed out that the G20 Presidency would help showcase parts of India beyond the conventional big metros, thus bringing out the uniqueness of each part of our country.

Highlighting the large number of visitors who would be coming to India during India’s G20 Presidency and the international media focus on various events, Prime Minister underlined the importance of States and UTs utilizing this opportunity to rebrand themselves as attractive business, investment and tourism destinations. He also reiterated the need to ensure people’s participation in the G20 events by a whole-of-government and a whole-of-society approach.

A number of Governors, Chief Ministers, and Lt. Governors shared their thoughts during the meeting, emphasising the preparations being done by the states to suitably host G20 meetings.

The meeting was also addressed by External Affairs Minister, and a presentation was made by India's G20 Sherpa.

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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.