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Union Cabinet Press Conference LIVE: In a major announcement for farmers ahead of Diwali, the government on Wednesday hiked the minimum support price (MSP) of rabi or winter crops. The MSP rise has been announced by the Union Cabinet meeting chaired by Prime Minister Narendra Modi for the year 2019-20. The hike is based on the recommendations laid down by the Commission for Agricultural Costs and Prices (CACP). The union cabinet on Wednesday also approved a revival plan for BSNL and MTNL. In good news for lakhs of BSNL employees and their family members, the public sector national telecom operator – Bharat Sanchar Nigam Limited Wednesday paid the salary for the month of September, ultimately, paving the way for Diwali celebrations. It’s a big relief for nearly 1.6 lakh BSNL employees and officials that have been staring at an uncertain future for quite some time. As a part of the revival process, the government is also mulling a merger between BSNL and MTNL. It has also been decided to raise Rs 15,000 crore sovereign bonds and monetisation of Rs 38,000 crore assets in the coming four years, “MTNL, BSNL are neither being closed nor divested,” IT Minister Ravi Shankar Prasad said. The revival plan will also include 4G spectrum and support for voluntary retirement schemes (VRS). We bring to you live updates.
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