Union Cabinet
Union Cabinet approved minimum support prices for six Rabi crops for the 2027-28 marketing season, with an estimated ₹90,962 crore payout and margins over production costs of up to 106% (NDTV Profit, 30 Sept). Wheat is set at ₹2,610 per quintal and rapeseed-mustard at ₹6,613 (Times of India, 30 Sept).
What it means Staple-food buyers and rural-demand retailers face higher sourcing costs and firmer farm incomes.
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Background
From 7 stories, the newest dated 30 Sept 2026. Summary written 2 Oct 2026.
The Union Cabinet is the Indian Cabinet body that approves measures affecting agriculture, employment rules, energy programmes and public infrastructure.
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Its decisions affect retail employers through changes to mandatory provident-fund coverage and may affect retail grain prices through minimum support prices for crops. [1] source: NDTV Profit[2] source: Times of India[3] source: Business Today[4] source: NDTV Profit[5] source: Mint[6] source: NDTV Profit
In September 2026, the Union Cabinet approved minimum support prices for six Rabi crops for 2027-28, with an estimated payout of Rs 90,962 crore. [1] source: NDTV Profit[3] source: Business Today Safflower received the largest increase, Rs 675 per quintal, while wheat was set at Rs 2,610 per quintal and rapeseed and mustard at Rs 6,613 per quintal. [1] source: NDTV Profit[2] source: Times of India[3] source: Business Today The Cabinet also approved a combined package of ₹2,79,157 crore, including a ₹1,86,405 crore PM DHARA allocation and Delhi's ₹1,790 crore ITMS allocation. [3] source: Business Today
In September 2026, the Union Cabinet approved raising the EPFO mandatory-coverage wage ceiling from ₹15,000 to ₹25,000 per month. [5] source: Mint[6] source: NDTV Profit[7] source: Indian Express The change was estimated to bring 51 lakh additional workers into coverage and may increase payroll costs for Indian retailers. [5] source: Mint[6] source: NDTV Profit[7] source: Indian Express The estimated annual government outgo for the change was Rs 11,339 crore. [7] source: Indian Express
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Questions about Union Cabinet
What has Union Cabinet changed for retailers recently?
In September 2026, the Union Cabinet approved 2027-28 minimum support prices for six Rabi crops, including a Rs 675 per quintal increase for safflower and a wheat MSP of Rs 2,610 per quintal. [1] source: NDTV Profit[2] source: Times of India
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