IMF: Gerry Rice, an IMF spokesman, said in Washington that new farm laws in India would reduce the role of middlemen and increase efficiency.
Washington. The International Monetary Fund believes that the three recent Farm Laws are an important step towards advancing agricultural reforms in India. However, the IMF also added that during the process of adopting the new system, the management of social security is necessary to protect those who suffer adverse effects.
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Gerry Rice, an IMF communications director (spokesman), said in Washington that the new laws would reduce the role of middlemen and increase efficiency. He said, “We believe that these three laws have the potential to represent the advancement of agricultural reforms in India.”
The new laws will reduce the role of middlemen.
Rice said, “These laws will give farmers a chance to make direct connections with buyers. This will reduce the role of middlemen, increase efficiency, which will help farmers to get a better price for their stems and will ultimately lead to the growth of the rural sector. He said that in the process, such arrangements should be made for the people whose jobs will go so that they can be accommodated in the job market.
Rice said that of course, the benefits of these reforms will depend on the effectiveness and timing of their implementation. Therefore, along with improvement, these issues also need attention.
Farmers are protesting against agricultural laws.
It is worth mentioning that thousands of farmers have been protesting against the boundaries of Delhi for the last several weeks in protest against these three laws passed recently. Farmers allege that these laws will make the system of MSP system and will push the farmers towards corporate farming. However, the government is presenting these laws as major agricultural reforms.
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