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  • Sun. Dec 22nd, 2024

Nirmala Sitharaman reveals brand-new law for contract farming in third tranche of financial stimulus bundle

Nirmala Sitharaman reveals brand-new law for contract farming in third tranche of financial stimulus bundle

The third tranche likewise consisted of strategies to invest 1.5 lakh crore to build farm-gate infrastructure and assistance logistics requires for fishworkers, animals farmers, veggie growers, beekeepers and associated activities, although this includes some previously allocated cash and extensions of existing plans.

Numerous farming economists and farm activists invited the reform and investment statements, however questioned the lack of instant support to help farmers survive the existing crisis.

The Vital Commodities Act was enacted at a time of food shortage, and requires to show existing concerns, the Finance Minister said.

Nirmala Sitharaman announces new law for contract farming in third tranche of economic stimulus package

Stock limits will not be troubled these commodities except in case of nationwide disaster or famine or a remarkable surge in rates, the Minister said, adding that even these stock limitations would not use to processors and exporters.

The Centre has been trying to reform farming marketing through a model Act which it encourages States to embrace. Nevertheless, it now means to enact a ce

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