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The Fair and Remunerative Price of Sugarcane is approved by the
  • a)
    Cabinet Committee on Economic Affairs
  • b)
    Commission for Agricultural Costs and Prices
  • c)
    Directorate of Marketing and Inspection, Ministry of Agriculture
  • d)
    Agricultural Produce Marketing Committee
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The Fair and Remunerative Price of Sugarcane is approved by thea)Cabin...
FRP is approved by CCEA and recommended by CACP 
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The Fair and Remunerative Price of Sugarcane is approved by thea)Cabin...
The Fair and Remunerative Price (FRP) of Sugarcane is approved by the Cabinet Committee on Economic Affairs.

Approval Authority:
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister of India, is responsible for approving the FRP of sugarcane. This decision is crucial as it affects the income of millions of sugarcane farmers across the country.

Process:
1. Recommendation: The Commission for Agricultural Costs and Prices (CACP) recommends the FRP of sugarcane after analyzing various factors such as input costs, market prices, and the overall economic situation.
2. Approval: Once the CACP submits its recommendations, the Cabinet Committee on Economic Affairs reviews the proposal and makes a decision on the final FRP for sugarcane.
3. Implementation: The approved FRP is then notified by the Ministry of Agriculture and implemented by the respective state governments to ensure that sugarcane farmers receive a fair and remunerative price for their produce.

Impact:
The FRP plays a crucial role in ensuring the economic well-being of sugarcane farmers who constitute a significant portion of India's agricultural workforce. By providing a fair price for their produce, the FRP helps in stabilizing the income of farmers and promoting agricultural sustainability.
In conclusion, the approval of the Fair and Remunerative Price of Sugarcane by the Cabinet Committee on Economic Affairs is a vital step in supporting the livelihoods of sugarcane farmers and ensuring a fair agricultural economy.
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The Fair and Remunerative Price of Sugarcane is approved by thea)Cabinet Committee on Economic Affairsb)Commission for Agricultural Costs and Pricesc)Directorate of Marketing and Inspection, Ministry of Agricultured)Agricultural Produce Marketing CommitteeCorrect answer is option 'A'. Can you explain this answer?
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The Fair and Remunerative Price of Sugarcane is approved by thea)Cabinet Committee on Economic Affairsb)Commission for Agricultural Costs and Pricesc)Directorate of Marketing and Inspection, Ministry of Agricultured)Agricultural Produce Marketing CommitteeCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The Fair and Remunerative Price of Sugarcane is approved by thea)Cabinet Committee on Economic Affairsb)Commission for Agricultural Costs and Pricesc)Directorate of Marketing and Inspection, Ministry of Agricultured)Agricultural Produce Marketing CommitteeCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Fair and Remunerative Price of Sugarcane is approved by thea)Cabinet Committee on Economic Affairsb)Commission for Agricultural Costs and Pricesc)Directorate of Marketing and Inspection, Ministry of Agricultured)Agricultural Produce Marketing CommitteeCorrect answer is option 'A'. Can you explain this answer?.
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