The Lok Sabha on Tuesday approved the Essential Commodities (Amendment) Bill 2020. Apart from the opposition parties, the bill was also opposed by the Shiromani Akali Dal, a constituent of the ruling National Democratic Alliance at the center. The Akali Dal demanded the government to withdraw the bill and the ordinance. The Essential Commodities (Amendment) Bill, 2020 provides for the removal of cereals, pulses, oilseeds, edible oils, onion potatoes from the list of essential commodities.
This will relieve private investors of the possibility of excessive regulatory interventions in their business operations. Freedom of product, product range, movement, distribution and supply will help to boost the sales economy and attract private sector / foreign direct investment in agriculture.
Investment will be encouraged
Responding to the discussion in the lower house, Minister of State for Consumer Affairs, Food and Public Distribution, Raosaheb Danve said that through this bill the entire supply chain in agriculture sector will be strengthened, farmers will be strengthened and investment will be encouraged. He said that this will create a business-friendly environment in the agriculture sector and strengthen the vocals for local. Following the Minister’s reply, the House soundly approved the bill, rejecting amendments by some opposition members. The bill has been replaced by a related ordinance. This ordinance was promulgated on 5 June 2020.