The Centre has re-appointed Vijay Paul Sharma as the chairman of the Commission for Agricultural Costs & Prices (CACP) after he relinquished the post in May last year following completion of the five-year tenure. The role of the CACP chairman will be crucial in the proposed committee on the minimum support price (MSP) and other reforms. Sharma, a professor at the Centre for Management in Agriculture at the Indian Institute of Management, Ahmedabad, was appointed CACP Chairman for the first time in June 2016.
The function of CACP:
The Commission for Agricultural Costs and Prices, established in 1965, is an apex advisory body under the Ministry of Agriculture, Government of India. It’s an expert body that recommends the Minimum Support Prices (MSPs) by taking into consideration various factors.