To understand what is happening now between farmers and government you need to go back to review some events.
1. News of Reliance Future Deal out on 29 Aug.
2. Farm bills passed on 27 Sept
3. SIAC objects RIL Future group Deal 26 Oct.
4. Amazons Letter to SEBI about violating takeover norms 13 Nov.
5. Competition commission of India gave green signal to RIL Future Deal 21 Nov.
Many intelligent peoples already got my point by viewing timeline of events.
Aggressive domestic capitalist beating the American wall streets monopolist by successful RIL-Future group deal. Amazon missed the deal of acquiring huge domestic retail giant Future group. Not much comments by Mr. Kishor Biyani is telling us the acquisition is not smooth and so much rivalry behind the scenes. This event not liked by wall streets drivers, so they start playing dirty games. The market of Data already captured by Jio and also turning point of retail sector turned in favour of RIL is shocking moment for monopolists of USA's wall street.
After slipping deals from hand of Amazons Farmers protest against government gearing up this is not co-incident. The failed discussion between government and Kisan leaders & slogans(Boycott Jio, Band karo Adani-Ambani-Jamakhori) against Adani and Ambani is definitely makes smile on the face wall streets monopolist. And citizens enjoying the game. The boycott Jio hashtag trending today just after yesterday's announcement of 5G services by Jio.
There is fear that to current protest/opposing to domestic capitalist in farming sector may will become just act of changing domestic capitalist by Global capitalist. Global or domestic both are harmful for farming sector. We need to make sure at any cost not to make farming industry vulnerable to crony capitalist.
American Wall street players going at any level to ensure there monopoly. Recent statement by UN regarding farmers protest also indicating the same.
New farm bills is just instrument to establish monopoly of crony capitalist. The fight is just for who establish monopoly. The question is just, Domestic or Global crony capitalist who get chance to become monopolist.
Note: The opinion/view is personal. You can disagree with it. But mentioned point may be true .
Mayur Jagtap
Investment Consultant.
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