India’s parliament has approved new farm bills that the government says will unshackle farmers from having to sell their produce only at regulated wholesale markets and make contract farming easier. Prime Minister Narendra Modi’s cabinet had issued emergency executive orders in June to change the longstanding rules that govern the vast agriculture sector, which contributes nearly 15% of the output of the $2.9 trillion economy and employs around half of India’s 1.3 billion people. Opposition parties and farmers’ organisations have criticised the government for rushing through the legislation by issuing the emergency orders and accused Modi’s administration of …read more
Source:: Yahoo Finance
