Cost of Production (CoP) is one of the important factors in the determination of MSP of mandated crops. Besides cost, the Commission considers other important factors such as demand and supply, price trend in the domestic and international markets, intercrop price parity, terms of trade between agricultural and nonagricultural sectors and the likely impact of MSP on consumers, in addition to ensuring rational utilisation of natural resources like land and water. Thus, pricing policy is rooted not in ’cost plus’ approach, though cost is an important determinant of MSP.
What is PhonePe's new E-Commerce initiative called and on which network can it be accessed?
Who has been roped as the brand ambassador of UpGrad?
Which of the following statements about the MILAN naval exercise in Visakhapatnam is/are correct?
1. The harbour phase of the exercise is from Fe...
ISRO's third and final RLV Landing Experiment (RLV LEX) will involve which unmanned prototype?
Life Insurance Corporation of India (LIC) has increased its stake in which IT company to 8.88 per cent?
Which state will host Hornbill Festival in December 2021?
RBI has currently completed the test phase under the regulatory sandbox cohort and was evaluated based on mutually agreed test scenarios and expected ou...
Which state is known for the folk dance 'Dhamyal'?
Veer Bal Diwas was observed for the first time on?
India has paid USD ______ million in UN regular budget assessments for the year 2022.