2020 Indian agriculture acts

rdf:langString 2020 Indian agriculture acts

rdf:langString Parliament of India

rdf:langString Repealed

rdf:langString The three acts had provided 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

rdf:langString The Indian agriculture acts of 2020, often termed the Farm Bills, were 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. The President of India, Ram Nath Kovind, gave his assent on 27 September 2020. 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. 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. 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. On 1 December 2021, the laws were formally repealed. The Supreme Court appointed committee report was made public on 21 March 2022.