03 February, 2020
4 Min Read
Syllabus subtopic: Issues related to Direct and Indirect Farm Subsidies and Minimum Support Prices
Prelims and Mains focus: about the open-ended procurement policy and the need to review it; about CACP and its mandate
News: As the debate surrounding the review of open-ended procurement policy has started gaining momentum, following a recommendation by the Commission for Agricultural Costs and Price (CACP) to the Centre government, several farmers and farmers’ bodies in Punjab and Haryana have hinted that any move to stop or limit it would be opposed and resisted.
According to CACP, the policy of open-ended procurement has led to mounting food stocks and adversely affected crop diversification. Consequently, it asked for a review of the open-ended policy.
What is the open-ended procurement policy?
About Commission for Agricultural Costs and Price (CACP)
Currently, the Commission comprises a Chairman, Member Secretary, one Member (Official) and two Members (Non-Official). The non-official members are representatives of the farming community and usually have an active association with the farming community.
How is MSP decided by the government?
Source: The Hindu
48th G7 SUMMIT IN GERMANY The summit was held in BAVARIAN ALPS Germany from June 26th to 28th 2022. PT POINTER G7 48TH Summit was held under the presidency of Germany at BAVARIAN ALPS. Member Countries: US, Canada, France, UK, Germany, Italy, and Japan. BAVARIAN ALPS: It is a collectiv
MISLEADING ADVERTISEMENTS AND ROLE OF ENDORSERS IN ADVERTISING Although a monetary penalty is provided for any misleading advertisement, but there are grey areas that need to be addressed. INDIAN ADS THAT WERE FOUND TO BE MISLEADING Arihant Mattress- Corona-Resistant The Arihant mattress released an advertisement in a Gu
Lancet Study On Road Safety and India’s Road Safety Measures The Lancet study highlights the urgency of implementing a safe system approach that can effectively address road injury death by 2030 and the number of lives that can be saved through intervention in road safety risk factors. The report uses mortality data from the Global Burd
PARTNERS IN THE BLUE PACIFIC US, Australia, New Zealand, Japan, and the United Kingdom have launched the new initiative known as ‘Partners in the Blue Pacific’ for effective and efficient cooperation with the small island nation of the region. It aims to enhance cooperation in the area of the climate crisis, connectivity, transpor
PGII to counter China's Belt and Road Initiative In the recent G7 summit in Germany, the ambitious Partnership for Global Infrastructure and Investment (PGII) was unveiled, with the aim of collective mobilization of $600 billion by 2027 for transparent investment in infrastructure projects in developing and middle-income countries.
Copyright© Aspire IAS Academy. All rights reserved. Powered by CLT Technologies & Edu-Publishers Private Limited.