The farmer's agitation on Delhi borders has caused a business loss of about Rs 50 thousand crores, Confederation of All India Traders (CAIT), country’s apex traders’ body said on January 21.
The body suggested that farmers should now call off the protest after the fresh proposal of putting the farm laws implementation in abeyance for nearly 18 months by the Centre.
“The farmer's agitation in Delhi-NCR for more than 55 days has caused a loss of Rs 50 thousand crores. This is quite alarming at a time when post-COVID, the business activities were picking up,” CAIT said in a statement.
Thousands of farmers, primarily from Punjab and Haryana, have been camping at several Delhi border points since November 26, demanding the repeal of the laws, and a legal guarantee on minimum support prices (MSP) for their crops.
“The fresh proposal of the Government to keep farm laws in abeyance for one-and-a-half-year and constituting a joint committee with farmer leaders is quite justified and reasonable which indicate the willingness of the government to resolve the crisis. Therefore, now the farmers should accept this proposal in the larger interest of the farming community and a large number of others sections engaged in Agri trade and call off their agitation,” CAIT National President BC Bhartia said in a statement.
(With inputs from agencies)