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The Government of India fixes the Minimum Support Prices after taking into account the recommendations of which among the following bodies?
Ministry of Consumer Affairs, Food and Public Distribution
Cabinet Committee of Economic Affairs
Planning Commission
Commission for Agricultural Costs and Prices
The Commission for Agricultural Costs & Prices (CACP since 1985, earlier named as Agricultural Prices Commission) came into existence in January 1965. It is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demand patterns in the country.
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