Live Update: These 3 Farm Laws Made Farmers Protest for an Year!

The central government said on Friday that it will revoke three new agriculture-laws because of which the farmers across the nation have been protesting for months.

"Today, I want to inform everyone that we have decided to repeal all three farm laws," Prime Minister Narendra Modi said while addressing the nation.

“Goal of three farm laws was to empower farmers, especially small farmers, three laws were in farmers’ benefit but we couldn’t convince section of farmers despite best efforts,” PM Modi added.

Since the Farmer's Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, and the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020, were passed, farmers have been protesting the government's three farm legislation.

These are the Three Farm Laws

The three agriculture laws are as follows:

• The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act establishes a system for farmers to market their farm products outside the Agriculture Produce Market Committees (APMCs). Farmers can sell their produce to any licensed trader at mutually agreed-upon pricing. The mandi tax levied by state governments will not apply to this transaction of farm products.

• Farmers can do contract farming and freely market their products under the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act.

• The Essential Commodities (Amendment) Act modifies the previous Essential Commodities Act.

Meanwhile, Pradeep Multani, President, PHD Chamber of Commerce and Industry, highly appreciates the decision to withdraw 3 farm laws by the Hon’ble Prime Minister. The decision on this auspicious day of Gurpurab highlights the commitment and dedication of the Government to the welfare of countrymen in an adequate democratic way

The decision to form a committee to address the farm issues would go a long way to identify the actual pain points of the farmers and help the government to make adequate farm policy to enhance the income level of the farmers, particularly the marginal farmers which are 80% of the total farmers and hold less than 2 hectare of land, said Multani.