Prime Minister Narendra Modi while addressing the nation on Friday has announced that all the three farm laws would be repealed in the upcoming Parliament session.
"We have decided to repeal the three farm laws, the constitutional process for repealing them would take place in the upcoming Parliament session at the end of this month," PM said.
On the occasion of Guru Nanak Jayanti, the Prime Minister appealed to all the protesting farmers to return back home and call off their protests.
"Three farm laws were in farmers' benefit but we could not convince a section of farmers despite best efforts, but we would not blame anyone for this. We were also prepared to modify the sections against which the farmers had an objection." quoted the PM.
The Prime Minister made an appeal to farmers by asking them to make a fresh beginning and also informed them that the Government would roll out new initiatives for the welfare of the farmers.
The three contentious farm laws are - i) The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act provides for setting up a mechanism allowing the farmers to sell their farm produces outside the Agriculture Produce Market Committees (APMCs).
ii) The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act allows farmers to do contract farming and market their produces freely.
iii) The Essential Commodities (Amendment) Act is an amendment to the existing Essential Commodities Act.
All three laws were opposed by various farmers' organizations. Various farmers groups have been holding nationwide protests and agitations since last year demanding for these laws to be repealed.
The main cause of concern of the farmers was that these laws may lead to a break in the Minimum Support Price (MSP). Several petitions were also filed before the Supreme Court challenging the laws.
The Apex Court in January 2021 had stayed the operation of the farm laws until further orders and had also constituted a committee to hold a negotiation between the Government and the protesting farmers.