Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

India's top court orders stay on new farm laws that riled growers

Published 01/12/2021, 03:21 AM
Updated 01/12/2021, 04:16 AM
© Reuters. Protest against new farm laws at the Delhi-Uttar Pradesh border in Ghaziabad

By Suchitra Mohanty

NEW DELHI (Reuters) - India's Supreme Court ordered an indefinite stay on Tuesday over the implementation of new agricultural laws that have triggered widespread protest from farmers, saying it would set up a panel to hear their objections.

For more than a month, tens of thousands of farmers have camped on the outskirts of New Delhi, the capital, to protest against reform measures that they say benefit large private buyers and harm growers.

Chief Justice Sharad Bobde told a hearing the Supreme Court would establish a panel to hear the farmers' grievances.

"We have the power to make a committee and the committee can give us the report," he said, ordering the stay for an undisclosed period on the laws passed in September.

"We will protect farmers."

There were no immediate further details.

India says the laws aim to modernise an antiquated farming system, bedevilled by wastage and bottlenecks in the supply chain.

But farm leaders demand repeal of the laws, which they say are an attempt to erode a longstanding mechanism that ensures farmers a minimum support price for their crops.

The government has said there was no question of such a rollback, and eight rounds of talks have failed to find common ground. The two sides are set to meet next on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.