- The Central government had set up a high powered committee of seven chief ministers led by Maharashtra’s CM as its convenor.The panel has discussed various measures to transform Indian agriculture and raise farmers’ income.
- The panel has said since agriculture is a State subject,all the States must be brought on board for time-bound reforms in the agriculture sector.
- The panel has discussed various measures such as (a)scrapping of the Essential Commodities Act for the food sector (b)Review of agriculture subsidies (c)Dismantling of market monopolies and (d)Steps to increase private investment.
- Further,they have also discussed ways to ensure fair prices and end manipulative monopolies in the local markets and also to remove the obstacles in the implementation of the digital e-NAM system.
- The panel also considered the need for better coordination between the Agriculture and Commerce Ministries to ensure a dynamic pricing policy based on global market trends for major agricultural commodities.
- The panel has also stressed on the need to digitise the entire agricultural process from sowing and marketing to using drones and satellites for crop surveillance.It also called for bringing down the cost of institutional credit available for farming.
