"Some very important decisions have been taken in today's cabinet. A very important decision has been taken for the welfare of farmers. Kharif season is starting and for this the cabinet has approved MSP on 14 crops. Paddy The new MSP for cotton is Rs 2,300 per quintal, which is Rs 117 more than the previous price, the MSP for cotton has been increased by Rs 501," said I&B Minister Ashwini Vaishnav at a press briefing after the cabinet meeting.

The Cabinet has also approved the Rs 76,000 crore Wadhawan Port project in Maharashtra, the Union Minister said.

"PM Modi's third term is very important as it focuses on continuity with change through many decisions for the welfare of farmers," he said.