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In a whirlwind of policy action, the Indian government rolled out four major decisions within just 72 hours in mid-May 2026, sending ripples across economic and agricultural sectors.

First, the government sharply increased import duties on gold and silver, raising the effective rate significantly (reports indicate a jump to around 15%) to curb imports, protect the rupee amid global pressures, and align with PM Modi's call for reduced gold consumption.

Second, sugar exports were banned with immediate effect until September 30, 2026, to ensure domestic availability and stabilize prices amid concerns over production and inflation.

Third, the Union Cabinet approved higher Minimum Support Prices (MSPs) for 14 Kharif crops for the 2026-27 season, promising a potential payout of nearly Rs 2.60 lakh crore to farmers while maintaining the 1.5x cost of production formula.

Fourth, a Rs 37,500 crore scheme was cleared to promote surface coal and lignite gasification projects, aiming to reduce import dependence and boost cleaner utilization of domestic resources.

These swift decisions highlight the government's proactive approach to economic stability, farmer welfare, and self-reliance. They have generated widespread discussion on social media and among experts regarding their short-term and long-term impacts on markets, consumers, and the rupee.