Indian Prime Minister Modi to Scrap Farm Laws in Major Policy U-Turn
Published Date: 11/19/2021
Source: Bloomberg Quicktake: Now
Indian Prime Minister Narendra Modi made his biggest policy reversal since assuming power in 2014, scrapping controversial farm laws ahead of crucial state elections following a year of persistent street protests.  In a televised address to the nation on Friday, Modi apologized for failing to convince a section of farmers and said the parliament will repeal the legislation in the session that starts later this month. When lawmakers passed the bills in September 2020 in a bid to boost investment and productivity, Modi had hailed them as “a watershed moment in the history of Indian agriculture.” Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake