New Delhi, Dec 7 (TIWN) A recent report by PwC has debunked the myth that MSP system will be terminated and marketplaces will be abolished under the farm laws introduced by the Centre.

The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, as per the facts laid out in the PwC report released on November 18, will ensure that MSP will continue as earlier, marketplaces will not be abolished, e-marketplaces to be promoted and farmers and traders can choose to sell their produce outside the marketplaces. The report debunked the myth that MSP system will be terminated and marketplaces will be abolished.  The PwC has also debunked the myth that the Essential Commodities (Amendment) Bill, 2020 will give rise in hoarding and black marketing by the private sector. The fact is that there will be free inter and intra-state trading without the burden of the APMC cess, and processors/exporters can retain stock and the government will monitor the prices.