The Centre has re- appointed Vijay Paul Sharma as the chairman of Commission for Agricultural Costs & Prices (CACP) after he relinquished the post in May last year following completion of a five-year tenure. 

Sharma, a professor at the Centre for Management in Agriculture in Indian Institute of Management, Ahmedabad was first appointed as CACP Chairman in June 2016. 

He played a critical role in acceding to the government’s decision of fixing the MSP at 50 per cent over the cost of production. The government-controlled body used to recommend the MSP based not only on inputs costs, but also by considering other factors such as global and domestic prices, acreage under crops, etc.