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Dr Ashok Gulati is taking over as the Chairman of the Commission for Agricultural Costs and Prices (CACP) from March 1. Currently Director in Asia of the International Food Policy Research Institute (IFPRI), Dr Gulati is a well-known economist, who has done extensive research work on agricultural markets and trade liberalisation, development of value chains, and reforms in public irrigation and farm electricity systems.
Prior to his 10-year stint in IFPRI, Dr Gulati has been a NABARD Chair Professor at the Institute of Economic Growth and Chief Economist at the National Council of Applied Economic Research. He has also been a member of the Prime Minister's Economic Advisory Council. The CACP's main role is to recommend the minimum support prices (MSP) for 25 major crops prior to every kharif and rabi planting seasons. The MSPs are normally fixed by the Centre based on its Price Policy reports submitted to the Agriculture Ministry.
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