Bookmark Bookmark

EXPLAINED : LOK SABHA PASSES THE FARMERS' PRODUCE TRADE AND COMMERCE (PROMOTION AND FACILITATION) BILL, 2020 AND THE FARMERS (EMPOWERMENT AND PROTECTION) AGREEMENT OF PRICE ASSURANCE AND FARM SERVICES BILL, 2020

EXPLAINED : LOK SABHA PASSES THE FARMERS' PRODUCE TRADE AND COMMERCE (PROMOTION AND FACILITATION) BILL, 2020 AND THE FARMERS (EMPOWERMENT AND PROTECTION) AGREEMENT OF PRICE ASSURANCE AND FARM SERVICES BILL, 2020

Context

The Farmers' 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 introduced in the parliament.

Key features of the Bill

The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020

  • It aims at opening up agricultural sale and marketing outside the notified Agricultural Produce Market Committee (APMC) mandis for farmers, removes barriers to inter-State trade and provides a framework for electronic trading of agricultural produce.
  • It prohibits State governments from collecting market fee, cess or levy for trade outside the APMC markets.

The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020

  • It relates to contract farming which provides a framework on trade agreements for the sale and purchase of farm produce.
  • It will act as a catalyst to attract private sector investment for building supply chains for supply of Indian farm produce to national and global markets, and in agricultural infrastructure.

About Agricultural Produce Market Committee (APMC)

It is a marketing board established by a state government in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels.

You might be interested:

One Liners of the Day, 18 September 2020

Important Day Theme of International Equal Pay Day (18 September) for the year 2020 - “Building back a better future of work by ensuring pay equity”. Economy This bank and Titan Company ...

a month ago

Daily News Digest:17 September 2020

EXPLAINED: WHAT IS SOLAR CYCLE 25, RECENTLY ANNOUNCED BY NASA AND NOAA SCIENTISTS?Scientists from NASA and the National Oceanic and Atmospheric Administration (NOAA) announced their predictions about ...

a month ago

RAJYA SABHA PASSES AIRCRAFT AMENDMENT BILL 2020

RAJYA SABHA PASSES AIRCRAFT AMENDMENT BILL 2020 Context Recently, Parliament passed the Aircraft (Amendment) Bill, 2020. Key features of the Bill It seeks to improve India’s aviation safety ra ...

a month ago

AMAZON SIGNS AMITABH BACHCHAN FOR ITS ALEXA VOICE ASSISTANT

AMAZON SIGNS AMITABH BACHCHAN FOR ITS ALEXA VOICE ASSISTANT Context Amazon.com Inc. has signed up Bollywood mega star Amitabh Bachchan for its Alexa voice assistant. Details Previously, Amazon firs ...

a month ago

EXPLAINED : DJIBOUTI CODE OF CONDUCT/ JEDDAH AMENDMENT (DCOC/JA)

EXPLAINED : DJIBOUTI CODE OF CONDUCT/ JEDDAH AMENDMENT (DCOC/JA) Context India has joined the Djibouti Code of Conduct as an observer. About Djibouti Code of Conduct It is a code which is instrument ...

a month ago

GLOBAL INITIATIVE TO REDUCE LAND DEGRADATION AND CORAL REEF PROGRAM LAUNCHED

GLOBAL INITIATIVE TO REDUCE LAND DEGRADATION AND CORAL REEF PROGRAM LAUNCHED Context Recently, a  Global Initiative to reduce Land Degradation and Coral Reef program was launched at G20 Environm ...

a month ago

Provide your feedback on this article: