Recent Agricultural Reforms in India | Agricultural Reforms 2020 | Farmers' Income | #SSB #UPSC #CDS

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Recently, the Cabinet has approved a proposal to promulgate three separate ordinances to push agriculture marketing and commodities trade reforms in the country.

These reforms are part of the third tranche of the economic package announced under Atmanirbhar Bharat Abhiyan to counter Covid-19 pandemic.
These ordinances are expected to give effect to the amendments proposed to the Essential Commodities Act and bring in two new Central laws on inter-state trading and engagement of the farmers with processors, exports, etc.

Background:
India has become surplus in most agri-commodities but farmers have been unable to get better prices due to lack of investment in cold storage, processing and export.
The imposition of the curbs on stocking of farm produce and regulation of the prices of commodities, etc. under Essential Commodities Act (ECA) are some of factors responsible for less entrepreneurial spirit and thus less investment in the farm sector.

Significance:
It will help drive up investment in cold storages and modernization of the food supply chain.
The announced amendment is expected to help both farmers and consumers while bringing in price stability.
It will also create a competitive market environment and also prevent wastage of agri-produce that happens due to lack of storage facilities.
It is considered as a step towards transformation of agriculture and raising farmers’ income.

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Видео Recent Agricultural Reforms in India | Agricultural Reforms 2020 | Farmers' Income | #SSB #UPSC #CDS канала Nitish Patel