QUESTION

Medium

Economy

Prelims 2015

The Fair and Remunerative Price of Sugarcane is approved by the -

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Explanation

The Fair and Remunerative Price of Sugarcane (FRP) for sugarcane in India is approved by the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister.

The proposal for FRP is determined based on the recommendation of the Commission for Agricultural Costs and Prices (CACP) in its report on the price policy for sugarcane for a particular sugar season.

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