President of India Ram Nath Kovind approved the controversial farmers bills on the 27th of September.
The three farm bills are, the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, the Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 and the Essential Commodities (Amendment) Bill 2020 were cleared by the President of India.
According to the sources, despite multiple protests, one day Bharat Bandh, and rail roko protest, the President of India nodded for the three farmers bills.
According to the passed bills, the Minimum Support Price (MSP,) area of trading would be under the purview of the Indian Government
The reason behind the farmers protest is their fear of being at the mercy of corporates or zamindars for crop prices. The new bills would also demolish the Minimum Support Price (MSP) advantages from farmers.
However, the Central Government assured the MSP system will continue unchanged and the new bills will result in higher profits for the farmers.
The three controversial farmers bills were passed in Lok Sabha and the Rajya Sabha first, following which farmers of Haryana and Punjab called for a protest.
On the 25th of September, farmers and farmer associations across India called for a Bharat Bandh.
If the Central Government does not withdraw the bills or give assurity of MSP, farmers of Haryana and Punjab are likely to go on an indefinite strike and sit on railway tracks from the 1st of October.
The President’s Office released an official gazette approving the bills on the 27th of September.
It would come into force immediately.
Stay tuned for further updates.