Cabinet Clears 3 Key Measures: MSP Hike, Green Energy Corridor, and AI-Powered Traffic System

The Union Cabinet on Wednesday approved three major measures spanning agriculture, power infrastructure, and urban mobility. This includes higher Minimum Support Prices (MSP) for all mandated Rabi crops for the 2027-28 marketing season.

A Rs 1.86 lakh crore Green Energy Corridor Phase-III scheme, and a Rs 1,789.52 crore Intelligent Traffic Management System for Delhi.

The Rabi MSP increases range from Rs 25 per quintal for wheat to Rs 675 for safflower. Meanwhile, the Green Energy Corridor-III scheme will strengthen intra-state transmission networks and add 50 GWh of battery storage capacity. Meanwhile in Delhi, the new Intelligent Traffic Management System will cover 42 traffic corridors and use adaptive signals, automated enforcement, and real-time traffic data.

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The Cabinet Committee on Economic Affairs has set a new benchmark for agricultural prices. Increasing minimum support prices for the six Rabi crops earmarked for the 2027-28 marketing season. The government aims to bolster farmers' earnings and promote crop diversification, a move seen as a significant boost to agricultural productivity.

Safflower received the highest increase of Rs 675 per quintal, taking its MSP to Rs 7,215. Rapeseed and mustard MSP was raised by Rs 413 to Rs 6,613 per quintal. Meanwhile, lentil (masur) saw an increase of Rs 390 to Rs 7,390.

The Cabinet also approved the third phase of the Green Energy Corridor scheme. With a total outlay of Rs 1,86,405 crore to strengthen intra-state transmission systems and facilitate the evacuation of up to 135 GW of renewable energy across states and Union territories.

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The scheme, targeted for completion by FY2032-33, includes Rs 1,36,378 crore for intra-state transmission systems and Rs 50,000 crore for deploying 50 GWh of Battery Energy Storage Systems (BESS).

The Indian government has cleared a massive infrastructure project worth Rs 1,789.52 crore to upgrade Delhi's traffic management systems. The Intelligent Traffic Management System is designed to harness real-time data and cutting-edge technology to streamline the city's road network. Promising improved efficiency and reduced congestion.

The project will cover 42 identified traffic corridors and be implemented in three phases over 24 months. Followed by five years of operation and maintenance.