Important facts on Farm Laws
Vizcacrds for Farm Laws
Farm Laws by Vizmins Official
SC appointed panel has submitted a report on Farm Laws
- A Supreme Court-appointed panel has submitted its report on the three agricultural reform laws in a closed cover. The report will be revealed during the next hearing of the case.
- On January 12, the Supreme Court suspended the implementation of the three laws and appointed a four-member committee of experts “to listen to the grievances of the farmers on the farm laws and the views of the government and make recommendations”.
About Farm Laws
The three laws which were passed by Parliament in September and are being opposed by farmers’ unions are:
- The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act.
- The Essential Commodities (Amendment) Act.
- The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act.
Government on Farm Laws
- They make it easier for farmers to bypass government-regulated markets (known locally as mandis) and sell products directly to private buyers.
- They can now enter into contracts with private companies, a practice known in India as contract farming,
- They can sell across state borders.
- The new regulations also allow traders to stockpile food. This is a shift away from prohibitions against hoarding.
Concern of farmers on Farm Laws
- Small farmers fear that they just do not have enough bargaining power to get the kinds of prices they need for a decent standard of living when they negotiate to sell their products to larger companies.
- The new rules do not guarantee any minimum price for any product, and farmers worry that the existing MSP will be abolished at some point.
Tag:Agriculture, UPSC
