India’s new farm laws to reduce role of middlemen: IMF

New Delhi: The International Monetary Fund(IMF) said India’s new farm laws are potentially significant but the farmers affected with the new system must be protected.

The IMF said it believed that the farm bills do have the potential to represent a significant step forward for agricultural reforms in India.

The IMF’s communications director Gerry Rice told the media in Washington that the measures will enable farmers to directly contract with sellers. The laws will also allow farmers to retain a greater share of the surplus by reducing the role of middlemen, Rice added.

Worthwhile to mention that thousands of farmers from Punjab and Haryana are agitating at Delhi borders demanding repeal of the three farm laws which they say are detrimental to the agrarian sector.

The Centre has said it was prepared for a detailed discussion on firm laws, but the farmers are adamant over repealing of the laws.

The farmers have planned a tractor rally on the Republic Day. The Union  government has asked the Supreme Court to stop that rally as it will blemish country’s image.

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