The Commission for Agricultural Costs and Prices (CACP) is an advisory body that recommends the Minimum Support Prices (MSPs) for various crops and the Fair and Remunerative Price (FRP) for sugarcane. However, the final decision on approving the FRP rests with the Union Government, specifically the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister.
Who approves the Fair and Remunerative Price (FRP) of sugarcane?
Asked in GPSC Prelims CSP 2 2024 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
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Answer: A. Cabinet Committee on Economic Affairs
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