Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Indian farmers clash with police in protest over market reform

11/27/2020 | 12:54am EST

NEW DELHI, Nov 27 (Reuters) - Thousands of protesting Indian farmers scuffled with police on Friday during a march to the capital, Delhi, against new laws liberalising procurement that they say will leave them vulnerable to big companies.

Police fired several rounds of tear gas at some places on the outskirts of Delhi and used water cannons at entry points to stop the farmers coming into the city centre.

Television showed plumes of smoke and some people throwing stones at police as thousands pressed against barricades, waving flags and sticks. Some rode tractors near the barriers.

"Although the police have tried to stop us with force, barricades and water cannons, we've decided to stay the course to make sure the government listens to the voice of millions of farmers," said protesting farmer Sukrampal Dhayana.

Under the laws enacted in September that Prime Minister Narendra Modi called a watershed for agriculture, farmers are free to sell their produce anywhere, including to big corporate buyers, instead of at government-regulated wholesale markets where farmers are assured of a minimum procurement price.

Many farmer organisations oppose the new law, saying it would leave small growers with little bargaining power. They also say they fear the government will eventually withdraw price support for wheat and rice.

The government says there is no plan to eliminate the wholesale markets.

The new law was aimed at making the vast agriculture sector more efficient by freeing up farmers who want to sell directly to big retailers such as Walmart.

Suburban train services into Delhi were suspended, the Delhi Metro said in a post on Twitter, in a bid to stop the protesters from riding the trains. (Writing by Sanjeev Miglani Editing by Robert Birsel)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
WALMART INC. -1.59% 144.64 Delayed Quote.0.34%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 0.82% 675.5 End-of-day quote.5.46%
Latest news "Economy & Forex"
05:58pCENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : China's postal industry sees business volume surge in 2020
PU
05:52pJanet Yellen to say U.S. does not seek weaker dollar, Wall Street Journal reports
RE
05:44pTreasury nominee Janet Yellen to say U.S. does not seek weaker dollar - WSJ
RE
04:39pINTEL : Exclusive-Trump admin slams China's Huawei, halting shipments from Intel, others -sources
RE
03:35pGitHub apologizes for firing Jewish employee who warned of Nazis in U.S. Capitol -TechCrunch
RE
03:35pSome users report broadcasting problems with CBS, other television service providers
RE
03:26pMSC MEDITERRANEAN SHIPPING : New Zealand's Apple Exporting Season Returns – Get On Board with MSC
PU
02:34pVeolia says that the 29.9% it owns in suez's capital is not and will not be for sale - statement
RE
01:58pFrance reports 16,642 new confirmed covid-19 cases in past 24 hours, from 21,406 on saturday - public health authority
RE
01:56pFrance reports 141 new coronavirus deaths on sunday - health authority
RE
Latest news "Economy & Forex"