Commission for Agricultural Costs and Prices Current Affairs, GK & News

What is 1.5 times formula for crops MSP? How is it calculated?

The 1.5 times formula is used to determine the minimum support price (MSP) for crops. This was introduced during the Union Budget 2018-19. According to this formula, the MSP is fixed at 1.5 times the production cost for crops as a ‘pre-determined principle’. Under this formula, the Commission for Agricultural Costs & Prices (the commission ..

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CCEA approves increase in FRP of Sugarcane by Rs 10 for 2020-21

The Cabinet Committee on Economic Affairs (CCEA) has approved the proposal made by the food ministry to increase the Fair and Remunerative Price (FRP) by Rs 10 for the next marketing year, starting in October 2020. The FRP of Sugarcane will increase from 275 to 285 per quintal. The initiative has been taken after the ..

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CCEA keeps Fair and Remunerative Price of sugarcane at Rs275/quintal

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the proposal for Determination of Fair and Remunerative Price (FRP) of sugarcane payable by sugar mills for 2019-20 sugar season. Key Highlights CCEA kept FRP at Rs 275 per quintal the same as last year (2018-19) for sugarcane sold to mills ..

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Delhi government decides to introduce MSP for farmers based on MS Swaminathan report

The Delhi government has decided to provide the Capital’s farmers a Minimum Support Price (MSP) for their crops based on the recommendations of the M.S. Swaminathan Committee’s report. In its 2006 report, the National Commission on Farmers’ chairman Prof. M S Swaminathan suggested the Commission for Agricultural Costs and Prices (CACP) to fix MSP at ..

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Delhi to award MSP as per Swaminathan Committee Report

The Delhi government has decided to introduce the Minimum Support Price (MSP) for farmers based on the recommendations of the National Commission on Farmers (NCF) headed by MS Swaminathan. Swaminathan Committee recommendations on MSP The National Commission on Farmers (NCF) was constituted on November 18, 2004 under the chairmanship of Professor M.S. Swaminathan. The committee made ..

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