Union Cabinet briefing Highlights: Union Ministers Prakash Javadekar and Narendra Singh Tomar today announced decisions taken by the union cabinet in a meeting held earlier in the day. The Union Cabinet today approved the amendment of the Essential Commodities Act giving a nod to the removal of a number of items from the Essential Commodities Act, the minister informed. Prime Minister Narendra Modi-led Union Cabinet today approved decisions to help the poor Indian farmers as it aims to double the farmers’ income by 2022. The government is looking to help the farm sector take benefit from one country one market, while also allowing farm produce to be sold across markets in India, the minister said. Agriculture Minister Narendra Singh Tomar claimed that the decisions taken by the Union Cabinet are historic and with these, the Indian farmer will now get the independence that he has been longing for. Farmers will now not be taxed for any sale outside the APMC markets, the Union Cabinet decided. The Modi government has also accepted the Swaminathan report allowing 50% higher MSP than input cost for farmers.
Cabinet briefing: Govt amends essential commodities act, wants farmers to benefit from one country one market
Union Cabinet approved the amendment of the Essential Commodities Act giving the Indian farmers freedom to sell his produce in any market across India.
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The government said that they will allow anyone with a PAN card to buy agriculture produce and they will come up with a model agreement for contract farming.
Low input cost to the farmers will lead to cheaper produce, hence food items will get cheaper in the market - Agri Minister
The government assured to come up with model agreement for contract farming and minimum price to farmers.
Agri Minister Narendra Tomar assured that freedom to farmers will change their lives forever.
85 per cent of the total farmers in India are small farmers. To make trader, processor, capital, technology reach small farmers, the government has announced today's measures.
Modi government accepted the Swaminathan report and allowed 50% higher MSP than input cost - Agri Minister Narendra Singh Tomar
Modi's special economic package will take India's farm sector to reach new heights - Agri Minister
SDM and district collector will be responsible to take decision in dispute related to farmers. However, no decision can be taken that endangers farmer's land.
Low input cost, along with low water and fertiliser usage is the need of hour - Agri minister
The government allows farmers to sell goods on electronic platforms, for which, there will be no tax on sale of produce by farmers outside APMC markets.
Today's announcement will help the farm sector to take benefit from one country one market - Narendra Singh Tomar
Anyone can make e-platform but the rules will be decided by the centre. Any fraud cases will also be dealt by the centre.
Farmers will be independent to choose the markets in which they want to sell their produce and can earn competitive prices.
Narendra Singh Tomar calls today a historic day for farmers. He added that India got independence in 1947 but farmers got it today.
Cabinet approves amendment in Essential Commodities Act, approves removing many items from Essential Commodities Act.
Agri Minister Narendra Singh Tomar said that the government stands by its aim to double farmers' income by 2022.
9.54 lakh farmers have been benefitted from PM Modi's scheme, which is historic - Agriculture Minister
The financial condition of farmers are not good despite investment and other relief measures - Narendra Singh Tomar
Cabinet approves central law to allow inter-state sales of farm goods, approves forming empowered group to enhance investment.
Cabinet approves amendment in Essential Commodities Act, approves removing many items from Essential Commodities Act - Prakash Javadekar
Union Ministers Prakash Javadekar and Narendra Singh Tomar begin press briefing.
The Modi government introduced PM Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi), for providing affordable loans to street vendors. To help the standstill businesses to bounce back on streets, the government announced a special micro-credit facility amounting to a total of Rs 5,000 crore that will provide them Rs 10,000 as initial working capital.
Out of Prime Minister Narendra Modi’s economic package of Rs 21 lakh crore, the government had kept aside Rs 1.63 lakh crore for the agriculture sector. Along with bringing major agriculture reforms, the government had amended the stringent Essential Commodities Act (ESA) to remove cereals, edible oil, oilseeds, pulses, onions, and potato from its purview.
MSMEs have welcomed the approvals given by the Cabinet to the three major relief measures announced by the Finance Minister Nirmala Sitharaman last month as part of the Rs 20 lakh crore economic package for the country.
In the cabinet briefing held earlier this week, the union cabinet approved to increase the minimum support prices for all mandated Kharif crops for marketing season 2020-21. The government had also increased the MSP of Kharif crops to ensure high prices to the growers for their produce.
The government may announce the suspension of IBC proceedings for NPA post-march. The government is also likely to suspend section 7, 9, and 10 by introducing section 10 A for 6 months - CNBC TV 18 reported citing sources.
Union Ministers Prakash Javadekar and Narendra Singh Tomar will soon address media, following up on the cabinet meeting held earlier today.