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Passed farm bills in Rajya Sabha,Tomar clarifies Procurement at MSP will continue.

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Rajya Sabha passed the Agricultural Trade and Trade Bill 2020 and the Farmers’ Agreement on Price Insurance and Agricultural Services Bill 2020 on Sunday.

The bills were presented to Lok Sabha on September 14, 2020 by Union Agriculture and Farmer Welfare Minister Narendra Singh Tomar to replace the ordinances promulgated on June 5, 2020.

Speaking on the bills, Tomar said that the government of Prime Minister Narendra Modi has made several landmark decisions over the past six years to ensure that farmers get remunerative prices for their products and to increase their income and standard of living. . He again clarified that the supply at the minimum support price will continue, assurance has been given by PM Modi himself, the rate of MSP has been significantly increased in 2014-2020 and the MSP for the next season Rabi will be announced next week.

Modi said in Hindi on Twitter: “We are here to serve our farmers. We will do all we can to help contributors and ensure better lives for their future generations.”

The Union Minister of Agriculture has declared that full protection is guaranteed to farmers in these laws.

The Agricultural Trade and Trade (Promotion and Facilitation) Bill, 2020

Main provisions

  • The new legislation will create an ecosystem where farmers and traders enjoy the freedom to choose how to sell and buy derivatives.
  • It will also promote barrier-free interstate and intrastate commerce and commerce outside the physical premises of markets notified under national laws on the marketing of agricultural products.
  • Farmers will not be charged any tax or tax for the sale of their products and will not have to bear the cost of transportation.
  • The bill also proposes an electronic trading platform in transactions to ensure transparent electronic commerce.
  • In addition to mandis, the freedom to trade on the farm, cold storage, warehouse, processing units, etc.
  • Farmers will be able to engage in direct marketing, thus eliminating middlemen, which will lead to full realization of the price.

Clarifications

  • Minimum support price purchases will continue, farmers will be able to sell their produce at MSP tariffs, MSP for the Rabi season will be announced next week
  • Mandis will not stop working, trading will continue here as before. Under the new system, farmers will have the opportunity to sell their products to other places in addition to the mandis
  • The e-NAM trading system will also continue in the mandis
  • Trade in agricultural products will increase on electronic platforms. This will result in greater transparency and a saving of time.

Agreement with Farmers (Empowerment and Protection) on Agricultural Price Insurance and Services Bill, 2020

Main provisions

  • The new legislation will allow farmers to engage with processors, wholesalers, aggregators, wholesalers, large retailers, exporters, etc., on an equal footing. Price insurance for farmers even before sowing. In the event of a higher market price, farmers will be entitled to this price in addition to the minimum price.
  • This will transfer the risk of unpredictability of the market from the farmer to the developer. Due to the prior determination of prices, farmers will be protected from rising and falling market prices.
  • It will also allow the farmer to access modern technology, better seeds and other inputs.
  • This will reduce marketing costs and improve farmers’ incomes.
  • An effective dispute settlement mechanism has been provided with clear deadlines for redress.
  • A boost to research and new technologies in the agricultural sector.

Clarification

  • The farmer will have full power in the contract to set a selling price of his choice for the product. They will receive payment within a maximum of 3 days.
  • 10,000 agricultural producer organizations are being set up across the country. These FPO will bring together small farmers and work to ensure remunerative prices for agricultural products
  • After signing the contract, the farmer will not have to look for traders. The purchasing consumer will collect the products directly from the farm
  • In the event of a dispute, it will not be necessary to go to court several times. There will be a local dispute resolution mechanism.

Automobile

Electric vehicle versus Fuel vehicle: Which is more affordable and cheap

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The electric vehicle industry is booming, but the biggest drawback for the consumer is that they are priced much higher than the traditional fuel vehicles. However, at a time when filling-up a full tank of petrol scooters and motorcycles is fast becoming a dream for many, the alternative to it — electric two-wheelers — seems to offer better running price realisation in the long term.

According to investment bank and financial services firm Morgan Stanley, battery-powered two-wheelers are cheaper to own and run than petrol and diesel equivalents. The running cost of electric vehicles is nearly 5% lower annually compared to a gasoline petrol vehicle, the report showed.

The maths of cheaper electric vehicles

The petrol and diesel prices across the country continued their northward march taking its retail rates to unprecedented levels and burning bigger holes in the consumer’s pockets. The electric vehicle as an option weighs heavy.

Although the fact that EVs are priced significantly higher than the vehicles running on fuel have kept people away from them. But once the infrastructure is in place, the cost really comes down to the electricity unit price, which is much lower than the fuel rates. No matter what the price of crude oil is around the world, in India, the average fuel rates have always remained at ₹70 and ₹80 per litre for diesel and petrol, respectively.

Under the bare minimum conditions, the math becomes even clearer — unit price of electricity multiplied by battery size is equivalent to the cost of running an EV. This also eradicates high fuel costs and provides cheaper maintenance and tax. Electric vehicles also hold their value for longer compared to fuel vehicles, according to a Europe based firm study.

 

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