- CEA Subramanian has asserted that the farm laws would bring major reforms in agri sector, remove middlemen
- Farmers argue that doing away with MSP and the mandi system would leave them vulnerable
- President Kovind backed the Centre’s farm laws, claiming that the laws will benefit 10 crore farmer families
TAD NewsDesk, New Delhi: Amidst heated comtroversy over the new farm laws that are being protested by farmer unions since November, Chief Economic Adviser K V Subramanian on January 30 claims that the agricultural legislations will benefits the farmers. However, the pan-India farmers’ protests being led by the Samyukt Kisaan Morcha are demanding the repeal of the three laws: the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, 2020, the Farmers Produce Trade and Commerce (Promotion and Facilitation) Act, 2020, and the Essential Commodities (Amendment) Act, 2020.
On the contrary, Subramnian stated in the press conference, “We are economists and talk about economics. And economics says that it (the farm laws) has many benefits“.
The new agricultural legislations that came into force in September, have been introduced by the central government. Claiming that the agricultural laws will bring major reforms in the agriculture sector, the Centre said the laws aim to remove the middlemen and establish free market.
On the same day, President Ram Nath Kovind said strong words in the favour of the three new agricultural laws stating their benefits.
However, the protesting farmers have raised comcerns over the subsequent elimination of Minimum Support Price that protected vulnerable farmers and destroys the APMC mandi system. Therefore, the farmers have demanded the laws be repealed as the legislations could leave the farmers susceptible to exploitation by big corporates.
Source – Economic Times