Minimum Support Price Calculation- Ramesh Chand Committee: The committee was constituted by the Union agriculture ministry to examine the mandate of the Commission for Agricultural Costs and Prices (CACP) and various aspects of fixation of minimum support price (MSP). In its recommendations, it has suggested a complete revamp of methodology to calculate MSP and introduction of mechanisms, such as Deficiency Price Payment (DPP) or Price Insurance (PI) for price surety,Read More