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Wheat purchase by UP could incur Rs 8,000-crore loss to exchequer

Wheat purchase by UP could incur Rs 8,000-crore loss to exchequer

Thursday, April 6, 2017, 7:55 AM

The Uttar Pradesh government’s decision to purchase eight million tonnes (mt) of wheat from farmers could mean an additional financial burden of at least Rs.8,000 crore. The earlier Akhilesh Yadav government had planned to purchase three mt from farmers in 2017-18. The new Yogi Adityanath government scaled this up to eight mt, half in the first phase, at its first Cabinet meeting.
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