Prime Minister Narendra Modi declares that the administration will repeal the three farm laws introduced last year that saw massive protests from farmers, especially in Punjab and Haryana. In his address to the nation, Modi requested the farmers to return to their homes. He said that the centre would set up a committee to discuss all issues impacting farmers. Scientists, farmer groups, state and central officials will be a part of this panel.
- Indian Hume Pipe Soars 9% on Rs 738 Cr Rajasthan Order
- Max Estates Jumps 6% as Q1 Pre-Sales Surges 5x
- Raymond Realty Soars 12% on Q1 Pre-Sales Jump
- Zydus Lifesciences Jumps 4% on Apollo Cancer Test Tie-Up
- Arvind Board Approves Rs 600 Cr Fundraise via QIP
In September 2020, Parliament had passed three bills to free up pricing, production and trade in agriculture through ways like contract farming, letting farmers sell their products whenever they want instead of limiting them to government-controlled mandis. Farmers were concerned about the laws as they broke the trust of agriculture produce marketing committees (APMC); they feared that it would lead to the corporatisation of agriculture and indicate the end of the minimum support price (MSP) system.
Live
