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Punjab Government's Cabinet approved bill for price stabilisation fund: Details



Punjab Government's Cabinet approved the bill for price stabilisation fund: Details, Features, Aim, Highlights

The Punjab cabinet on 23rd August 2018, approved a bill for creation of a price stabilisation fund that will ensure state farmers get minimum support price (MSP). The decision was taken during a cabinet meeting chaired by Chief Minister Amarinder Singh.

The Punjab cabinet decided to table the bill for enactment in the Vidhan Sabha session. The bill aims to protect the interests of farmers in the event of a sudden fall in prices of certain agricultural commodities.

According to it, amendments will be made to sections 25 (A), 26 and 28 of the Punjab Agricultural Produce Markets Act, 1961.

The amendments will ensure that a fraction of the commission charged by the arhtiyas (commission agents) are directed towards the agricultural produce price stabilisation fee.

Punjab (India)

Capital: Chandigarh

Largest City: Ludhiana

Districts: 22

Official Languages: Punjabi, Hindi

Governor: V P Singh Badnore

Chief Minister: Captain Amarinder Singh  (INC)


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