new Delhi: The authorities goes to make an enormous change within the Essential Commodity Act 1955, which was made 65 years in the past. This act was enacted in 1955. There are many guidelines below these Act, which restrict the farmers. After adjustments in it, farmers will get an opportunity to do their will. This will profit the farmers and their revenue can enhance, there’s each chance. Today, below the financial bundle, Nirmala Sitharaman introduced that it’ll enhance the revenue of farmers. Investment may also enhance.
Commodities Act 1955 (Essential Commodity Act 1955)
– In the outdated system, farmers can promote their crops solely to licensed merchants. <! –
– Farmers can not promote their crops in different states, that is prohibited.
The Commodities Act got here into power in 1955 for governmental and administrative reforms.
– Right now, farmers should not have many choices about this.
Cereals, oilseeds, onions, potatoes and many others. come below this.
If modified, this stuff will change
– If there’s a change on this act, many avenues shall be opened for the farmers.
– Farmers will be capable to promote their crops in different states as nicely.
A central legislation shall be made for farmers to promote crops in different states.
– Instead of licensing service provider, they are going to be capable to promote their crop to anybody.
According to Nirmala Sitharaman, farmers will be capable to apply the worth of the crop based on it. Will have the option
– This will enhance competitors and funding.