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FARM LAWS WILL REPLACE CORPORATE IN PLACE OF FARMERS
Image Credits: https://www.business-standard.com/WB MODEL OF POWER SECTOR REFORMS WILL COST POWER 2.5 TIMES MORE
The Farm laws replaced Corporate in place of individual farmers in the USA and so will they do in India. It is not essential that what the US, World Bank or IMF preach will be good for humanity. The World Bank model of the power sector when applied to India led to 2.5 times rise in power tariff for consumers.
One shining example of ending APMC Act is Bihar in India thereby converting Bihar from an Agriculture State to a labour supply state. Same will happen to agricultural states like Punjab, Haryana, UP, MP, Maharashtra, Tamil Nadu, Andhra/ Telangana, Kerala etc.
Even under the existing laws there is no ban on individual enterprises as suggested by our “able” economists. Large cooperatives of farmers can be created to make agriculture act like a business.
The Agriculture sector employs India’s 60% population. Its corporatisation will lead to massive unemployment and hunger besides food going out of the reach of the poor.
The growth of Agro Sector by nearly 4% while GDP shrunk by 7.7% during Corona pandemic in India made the Corporate sector to realise that it is the “food grain business” which will never fail be it war, pandemic or any other human misery and they moved to get these three laws passed in Indian Parliament through their political friends.
The ill intentioned and ill timed farm laws must be withdrawn and a legal guarantee on MSP of all food items including vegetable, fruits with ensued 10% profit for middle men is the ultimate solution to farmer and consumer vows not only in India but all over the World.
About the author:
Virinder Singh The writer, Virinder Singh, graduated in Electrical Engineering from Thapar University, Patiala in 1970. He possesses working experience in power sector of five decades and during his career he worked as Chief Electrical Inspector Punjab, Engineer-in-Chief Punjab State Electricity Board, Member Commissioner Punjab State Electricity Regulatory Commission and Lokpal Electricity for the state of Punjab. His areas of interest are power sector reforms, system improvement, electricity laws, regulatory affairs and consumer disputes.
