Lok Sabha passes 2 agricultural sector bills for Inter-State Trade, Contract Farming

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Lok Sabha passes 2 agricultural sector bills for Inter-State Trade, Contract Farming
Lok Sabha passes 2 agricultural sector bills for Inter-State Trade, Contract Farming

Lok Sabha passes 2 agricultural sector bills for Inter-State Trade, Contract Farming. Lok Sabha passes The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 and The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 to transform agriculture in the country and raise farmers’ income.

The reforms will accelerate agricultural growth through private sector investment in building agricultural infrastructure and supply chains for Indian farm produce in national and global markets, create employment opportunities and strengthen the economy

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020:

This bill allows sale and purchase of farmer’s produce at remunerative prices through competitive alternative trading channels to promote efficient, transparent interstate and intra state trade of farmer’s produce outside physical premises of markets notified under various state legislations.

The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020:

This Bill seeks to provide for national framework on framing agreements that empowers farmers to engage with agri-business firms, processors, wholesalers, exporters or large retailers for farm services and sale of future farming produce at a mutually agreed ‘remunerative prices’.

About Lok Sabha:

  • Speaker: Om Birla

Related Questions:

1) Which one of the following bills must be passed by each House of the Indian Parliament separately by special majority? – Constitutional amendment bill

2) What is another name of the Lok Sabha? – The House of the People

3) Which Article is related to the Money Bill and where it can be introduced? – Article 110, Lok Sabha

4) The President can nominate how many members in the Rajya Sabha & Lok Sabha? – 12,2

5) What are the sessions of the Lok Sabha? – Budget Session, Monsoon Session & Winter Session

6) As per Constitution of India, what is the maximum strength (number of members) of the Lok Sabha? – 552

7) Who among the following is the presiding officer of the Lok Sabha? – Speaker of Lok Sabha

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