New Delhi: Farmers have been agitating on Delhi's borders for more than 50 days in protest against the new agricultural laws brought by the central government. Meanwhile, the International Monetary Fund (IMF) has termed these laws passed by the central government as an important step towards advancing agricultural reforms in the country. However, it has also stressed ensuring social security for those who are badly affected during the change in the new system.

IMF Communications Director Gerry Rice said in Washington that agricultural laws passed by the Indian government have the potential to push forward agricultural reform. But social security is also needed for those who are badly affected during the transformation of the new system from the old system. Rice said during a press conference on Thursday that the new moves will reduce the role of intermediaries in the agriculture sector. It will also enhance the efficiency of the sector. It will also support rural growth. He said this will help farmers to connect directly with the seller. Thus, he will be able to retain a large part of the surplus money.

He, however, also called for ensuring social security for those who are badly affected during the transformation of the new system from the old system. He pointed out the need to take adequate protective stature for this. Rice said social security can be ensured by creating market space for jobs to be affected by the reforms.

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