The Union Cabinet approved a bill to repeal India’s agricultural law. The bill was finalized at a cabinet meeting on Wednesday. The decision of the cabinet meeting convened by Prime Minister Narendra Modi, all the process of repeal of the law will be completed in the winter session of Parliament. After the meeting, Union Minister Anurag Tagore informed about the decision of the cabinet.
The peasant society had been agitating for a year and a half to demand the repeal of the three controversial agricultural laws. Admitting to that movement, Prime Minister Modi on November 19 announced the repeal of all three laws. In his address to the nation, he announced the decision and urged the farmers to leave the platform and return home.
However, the agitating farmers have not yet responded to the Prime Minister’s request. They say repealing the law is their partial victory. In a letter to the Prime Minister, they said that not only the law should be repealed, but also that the farmers should get a fair price for their crops. That is why they have demanded the legal validity of the Minimum Support Price (MSP) for crops.
However, the government has not yet agreed to legislate on MSP. According to the government, MSP rates are fixed every year. But it is difficult to ensure it through law. This was also stated by the government in the 11-point talks held by the government with the farmers.
According to the Ministry of Agriculture, the government may issue year-to-year guidelines on MSP, but it is not possible to provide legal guarantees. Because, in that case, the government will be obliged to pay that price to the farmers all over the country. That’s not good for the economy. Central and state governments will go bankrupt. That is the view of Anil Ghanowat, one of the leaders of the Supreme Court-appointed expert group. He requested the Supreme Court to release their report.
The winter session of the Indian Parliament begins next Monday. The government is going to bring another controversial bill in the session – privatization of state banks. Earlier, Union Finance Minister Nirmala Sitharaman had said that the government wanted to privatize two state-owned banks in the current financial year. The workers’ organization of the state-owned bank has formed an alliance against this decision. They started the Delhi campaign with the slogan ‘Save the Bank, Save the Country’. The leaders of the organization will arrive in Delhi on November 30. They have written a letter to the United Kisan Morcha asking for the support of the farmers’ organization in this movement. The bank organization claims that by passing this bill, the government will hand over all the state-owned banks to the private sector in future. Meanwhile, various opposition parties including Congress, Left, Trinamool Congress have opposed the bill.