President Ram Nath Kovind on Sunday gave his assent to all of the three legislations relating to farm reforms, which had been lately handed by Parliament.
The three legislations relating to farm reforms embody — the Farmers’ Produce Commerce & Commerce (Promotion & Facilitation) Act, 2020; Farmers (Empowerment & Safety) Settlement on Value Assurance & Farm Companies Act, 2020 — and the Important Commodities (Modification) Act, 2020.
The Farmers’ Produce Commerce & Commerce Act is for the creation of an ecosystem the place the farmers and merchants benefit from the freedom of alternative regarding sale and buy of farmers’ produce, which facilitates remunerative costs via aggressive various buying and selling channels.
It’s to advertise environment friendly, clear and barrier-free inter-State and intra-State commerce and commerce of farmers’ produce outdoors the bodily premises of markets or deemed markets notified beneath varied State agricultural produce market legislations; to supply a facilitative framework for digital buying and selling and for issues linked therewith or incidental thereto.
Equally, Farmers (Empowerment & Safety) Settlement on Value Assurance & Farm Companies Act, is to supply for a nationwide framework on farming agreements that protects and empowers farmers to interact with agri-business companies, processors, wholesalers, exporters or giant retailers for farm providers.
This Act will even deal with the sale of future farming produce at a mutually agreed remunerative worth framework in a good and clear method, and for issues linked therewith or incidental thereto.
The Important Commodities (Modification) Act is to deal with the availability of such foodstuffs, together with cereals, pulses, potato, onions, edible oilseeds and oils, because the Central authorities could, by notification within the Official Gazette, specify, could also be regulated solely beneath extraordinary circumstances which can embody struggle, famine, extraordinary worth rise and pure calamity of grave nature.