Lawstreet Journal

Presidential Assent Given to Three Farm Bills

Lawstreet Journal 28 Sep 2020 9:53pm

Image courtesy: Lawstreet Journal Executive Presidential Assent Given to Three Farm Bills

The Ministry of Law and Justice (Legislative Department) notified presidential assent for the following three Acts on Sunday i.e., September 27th, 2020:

The Farmers' Produce Trade And Commerce (Promotion And Facilitation) Act, 2020; (Presidential assent received on 24th September)This Act attempts to create an ecosystem wherein the farmers and traders are empowered to have the freedom of choice that is related to “sale and purchase of farmers” produce which facilitates remunerative prices through competitive alternative trading channels. This is done in an attempt to promote “efficient, transparent and barrier-free inter-State and intra-State trade and commerce of farmers' produce” even outside the defined-physical premises of markets or deemed markets. The act also aims to build a facilitative framework that will enable electronic trading for all matters connected therewith or incidental thereto

“This Act seeks to permit the sale of agricultural produces outside the markets mandis) regulated by the Agricultural Produce Marketing Committees (APMCs) constituted by different state legislations.” 

  1. The Farmers (Empowerment And Protection) Agreement On Price Assurance And Farm Services Act, 2020; (Presidential assent received on 24th September)

This ac attempts to build a national framework solely for farming agreements. These agreements shall protect and empower farmers for engagement with agri-business firms, processors, whole-sellers, exporter, or large retailers. All this will be for farm services and also promotes future farming produce sale “at a mutually agreed remunerative price framework”. This act attempts to do in a fair and a transparent manner for all matters connected therewith or incidental thereto

This Act intends to provide for contract-farming.… Continue Reading...

Tagged: President of India Ram Nath Kovind  
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