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LATEST NEWS UPDATES | India’s three new agricultural ordinances will weaken state finances – and shortchange farmers -Narasimha Reddy Donthi

India’s three new agricultural ordinances will weaken state finances – and shortchange farmers -Narasimha Reddy Donthi

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published Published on Jun 23, 2020   modified Modified on Jun 25, 2020

-Scroll.in

The Central government has thrown its weight behind traders, investors and corporations.

Three ordinances approved at a cabinet meeting on June 3 were hailed as landmark decisions that would benefit Indian farmers and transform the agricultural sector.

One of these, the Essential Commodities (Amendment) Ordinance, 2020, amends the existing act to remove all agricultural commodities from the list of essential commodities. The government assumes that “the freedom to produce, hold, move, distribute and supply will lead to harnessing of economies of scale and attract private sector/foreign direct investment into agriculture sector. It will help drive up investment in cold storages and modernisation of food supply chain.”

Even though the government claims that the Essential Services Ordinance will help achieve price stability and benefit consumers, it will primarily help traders.

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Scroll.in, 23 June, 2020, https://scroll.in/article/964682/indias-three-new-agricultural-ordinances-will-weaken-state-finances-and-shortchange-farmers


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