New Delhi: The government remains committed to implementing new farm laws in spirit because they are good particularly for small farmers, Principal Economic Adviser Sanjeev Sanyal said on Wednesday amid the ongoing protest against these laws.
As part of factor market reforms, he said, the government has also brought in changes in labour laws.
Dozens of central government labour laws are now being replaced with four labour codes, which are modern labour codes, he said addressing a virtual conference organised by Public Affairs Forum of India.
"We removed a lot of unnecessary regulations … same thing we did with farm laws. These laws have been debated for 20-30 years … there may be some adjustment needed to make it more smooth for certain segments of the farmers but overall we remain committed to implementing these farm laws in spirit because they are good particularly for small farmers," he said.
They allow essentially a market to be created after all nobody would want their products to be sold through a particular mandi, he added.
He clarified that existing mandis are not going to disappear but they will remain and compete with others.