Consider the following statements regarding the Fair and Remunerative Price (FRP) for sugarcane in India:
1. FRP is the minimum price fixed by the government that sugar mills must pay to farmers for the sugarcane procured from them.
2. The Sugarcane (Control) Order, 1966, issued under the Essential Commodities Act, 1955, regulates the payment of FRP.
3. FRP is determined based on recommendations of the Commission for Agricultural Costs and Prices (CACP) and is approved by the Cabinet Committee on Economic Affairs (CCEA).
How many of the above statements are correct?
1
Only one
2
Only two
3
All three
4
None