Cabinet likely to consider for approval to withdraw agricultural laws

Cabinet likely to consider for approval to withdraw agricultural laws

Government sources said on Sunday that the Union Cabinet may consider on November 24 for approval to withdraw three agricultural laws.

Thereafter, the withdrawal bills will be introduced in the upcoming winter session of Parliament which is scheduled to begin on November 29.

Prime Minister Narendra Modi had earlier on Friday announced that the Center will repeal three agriculture laws and bring in the necessary bills in the winter session of Parliament beginning later this month.

The Prime Minister had also announced that the government would constitute a committee to work out a new framework for the Minimum Support Price (MSP).

Farmers have been protesting the government’s three agriculture laws since the Center passed the law in 2020.

There are three agricultural laws- The Farmers Produce Trade and Commerce (Promotion and Facilitation) Act provides for setting up a mechanism to allow farmers to sell their agricultural products outside Agricultural Produce Market Committees (APMCs). Any licensed trader can buy produce from farmers at mutually agreed prices. This trade of agricultural products will be free from mandi tax imposed by the state governments.

The Agreement on Farmers (Empowerment and Protection) Price Assurance and Agricultural Services Act allows farmers to take up contract farming and market their produce freely.

The Essential Commodities (Amendment) Act is an amendment to the existing Essential Commodities Act.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is generated automatically from a syndicated feed.)

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