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The Fair and Remunerative Price (FRP) 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?
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The Fair and Remunerative Price (FRP) of sugarcane is approved by the ...
The FRP is the least amount price that sugar mills have to pay to sugarcane farmers. It is strong-minded on the basis of the recommendation of Commission for undeveloped Costs and Prices (CACP) and after discussion with State Governments and other stakeholders. 
The Cabinet Committee on Economic Affairs (CCEA) chair by Prime Minister Narendra Modi has standard the suggestion in respect of strength of mind of 'Fair and Remunerative Price' of sugarcane payable by sugar mills for 2019-20 sugar season. 
Thus, the correct option is A.
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The Fair and Remunerative Price (FRP) of sugarcane is approved by the ...
The Fair and Remunerative Price (FRP) of sugarcane is approved by the Cabinet Committee on Economic Affairs (CCEA).

Explanation:

The Fair and Remunerative Price (FRP) is the minimum price that sugar mills are required to pay to sugarcane farmers for their produce. It is fixed by the Government of India to ensure fair and reasonable returns to farmers for their efforts and investments in sugarcane cultivation.

The approval of the FRP is done by the Cabinet Committee on Economic Affairs (CCEA). The CCEA is a high-level committee of the Government of India that is responsible for taking decisions on economic and financial matters. It is chaired by the Prime Minister and includes other important ministers and officials.

The CCEA determines the FRP based on various factors such as the cost of production, input prices, market conditions, and the interests of both farmers and sugar mills. The committee takes into consideration the recommendations of the Commission for Agricultural Costs and Prices (CACP) while finalizing the FRP.

The Commission for Agricultural Costs and Prices (CACP) is an autonomous body under the Ministry of Agriculture, Government of India. It advises the government on agricultural price policy and recommends the minimum support prices (MSP) for various agricultural commodities, including sugarcane. While the CACP makes recommendations on the FRP, the final approval lies with the CCEA.

The FRP is announced before the start of each sugarcane crushing season, which usually begins in October-November. It serves as a benchmark price for sugarcane farmers and ensures that they receive a fair and remunerative price for their produce.

In conclusion, the Fair and Remunerative Price (FRP) of sugarcane is approved by the Cabinet Committee on Economic Affairs (CCEA), which takes into consideration the recommendations of the Commission for Agricultural Costs and Prices (CACP). This process ensures that sugarcane farmers are adequately compensated for their efforts and investments in sugarcane cultivation.
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The Fair and Remunerative Price (FRP) of sugarcane is approved by the _________.a)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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