collect the breif report on new agriculture act made by the central government
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The Indian agriculture acts of 2020, often termed the Farm Bills,[1][2] are three acts initiated by the Parliament of India in September 2020. The Lok Sabha approved the bills on 17 September 2020 and the Rajya Sabha on 20 September 2020.[3] The President of India, Ram Nath Kovind, gave his assent on 27 September 2020.[4] The three acts provide for the creation of an ecosystem for farmers and traders, for a national framework on farming agreements and further to amend the Essential Commodities Act, 1955
Status: Repealed
The laws would have deregulated a system of government-run wholesale markets, allowing farmers to sell directly to food processors, but farmers feared that this would result in the end of government-guaranteed price floors, thereby reducing the prices they would receive for their crops.[5][6] This inspired protests against the new acts.
On 12 January 2021, the Supreme Court stayed the implementation of the farm laws and appointed a committee to look into farmer grievances related to the farm laws.[7][8] In a televised address on 19 November 2021, Narendra Modi, Prime Minister of India, announced that his government would repeal the laws in the upcoming parliamentary session in December.[9][10][11][12] On 1 December 2021, the laws were formally repealed.[13]
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