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With reference to Minimum Support Prices(MSP), consider the following statements
Select the correct statement.
1 only
2 only
Both
None
Amid the Parliament session on Farm Laws Repeal Bill 2021, Union Agriculture Minister, Narendra Singh Tomar said that "MSP procurement has been doubled in comparison to the year 2014". About Minimum Support Price
The Commission for Agricultural Costs & Prices (CACP) recommends MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane.
Government of India (GOI) set up a High-Level Committee (HLC) in August 2014 with ShantaKumar committee to suggest restructuring or unbundling of FCI with a view to improving its operational efficiency and financial management. The committee submitted its report in January 2015.
This, it felt, was necessary “to instil confidence among farmers for procurement of their produce”.
Hence both statements are correct.
By: Shubham Tiwari ProfileResourcesReport error
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