What do you mean by remunerative prices?

Remunerative price is a minimum price that is determined by CCEA (cabinet committee on economic affairs) for the sugarcane and sugar mills to purchase sugar from farmers at this price. Remunerative price is otherwise known as a fair and remunerative price.

What is difference between MSP and FRP?

What is FRP? The Fair and Remunerative Pricing is used in sugarcane industry to replace the MSP, it is based on the Rangarajan Committee report of reorganizing the sugarcane industry. The committee found that in the production of sugar 70% of the input cost is sugarcane.

What is fair and remunerative price of sugarcane?

Keeping in view interest of sugarcane farmers (GannaKisan), the Cabinet Committee on Economic Affairs chaired by Hon’ble Prime Minister Shri Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2021-22 (October – September) at Rs. 290/- per quintal for a basic recovery rate of 10%.

WHO recommends fair and remunerative price?

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 keeping in view the interest of sugarcane farmers. It was approved based on the recommendation of Commission for Agricultural Costs and Prices (CACP).

How is fair and remunerative price ( FRP ) determined?

Fair and remunerative price (FRP) is the minimum price at which rate sugarcane is to be purchased by sugar mills from farmers. Who determines it? The FRP is fixed by Union government on the basis of recommendations of Commission for Agricultural Costs and Prices (CACP).

Who is the Prime Minister of fair and remunerative price?

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2018-19 keeping in view the interest of sugarcane farmers. It was approved based on the recommendation of Commission for Agricultural Costs and Prices (CACP).

What is the fair and remunerative price for sugarcane?

The Centre’s decided to increase the Fair and Remunerative Price (FRP) for sugarcane by 11% in the Fair and Remunerative Price (FRP) for sugarcane for the upcoming sugar season. What is FRP? FRP is the minimum price that the sugar mills have to pay to farmers.

Which is the best definition of fair value?

The guidance is similar to the US GAAP guidance. It defines fair value as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).