Abhijeet Sen

Abhijit Sen, a well-known economist and former member of the Planning commission, just passed away.

About Abhijeet Sen

He served as a previous member of the Indian Planning Commission and was a well-known agricultural economist (from 2004 to 2014, PC disbanded in 2014).
Prior to joining the Centre for Economic Studies and Planning at Jawaharlal Nehru University in 1985, he taught economics at Sussex, Oxford, Cambridge, and Essex.

Principal Contributions:

He was given the responsibility of recommending support prices for agricultural commodities when he was made head of the Commission on Agricultural Cost and Prices (CACP) in 1997.
He was the author of the High-Level Committee on Long-Term Grain Policy's report from July 2000, which advocated fixing MSP based on all cultivation expenditures that were paid out in cash and in kind.
The "Swaminathan formula," which advocated that MSPs for crops be at least 50% higher than the cost of production, later incorporated this formulation.
He had also advocated eliminating the "below poverty line" and "above poverty line" classifications in favour of a universal public distribution system with uniform central issue prices for rice and wheat.
The National Food Security Act of 2013 made use of this under the UPA government, which was governed by Congress.
In addition, he provided input for the Tendulkar Committee's report on poverty lines.
He bemoaned "mechanical mining of the soil" and a decline in organic carbon content in 2017.

Supporter of decentralized governance:

He vowed to increase state autonomy while also strengthening Panchayati Raj Institutions.
Rashtriya Krishi Vikas Yojana (RKVY), which Abhijit sen conceptualised as a member of the Planning Commission in 2007, is an example of autonomy for the States.

Awarded for Public Service:

He received the Padma Bhushan in 2010 for his contributions to society.

About Commission of Agricultural Cost and Prices

It is an associated office of the Indian government's Ministry of Agriculture and Farmers Welfare. In January 1965, it was created.
Determines the Minimum Support Prices (MSPs) by taking numerous aspects into account (like demand and supply, cost of production, intercrop parity, etc).
Currently, the Commission is made up of a Chairman, Member Secretary, one Official Member, and two Members (Non-Official).
Recommends to the Cabinet Committee on Economic Affairs the MSPs for the notified Kharif and Rabi crops (CCEA). The Government is not required to follow its recommendations.
Currently, CACP recommends MSPs for 23 different commodities, including 7 different kinds of cereal (paddy, wheat, maize, sorghum, pearl millet, barley, and ragi), 5 different pulses (gramme, tur, moong, urad), 7 different oilseeds (groundnut, rapeseed-mustard, soybean, sesamum, sunflower, safflower, and nigerseed), and 4 different commercials (copra, sugarcane, cotton and raw jute).
Every year, the CACP submits Price Policy Reports with its recommendations to the government, one for each of the five classes of commodities it covers: Kharif crops, Rabi crops, Sugarcane, Raw Jute, and Copra.

Also, Read - zaporizhzhya npp

Source: The Indian Express

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