💨 Abstract

The European Union is planning to simplify its agricultural subsidy program, the Common Agricultural Policy (CAP), worth around a third of its 2021-27 budget, or approximately $399 billion. The EU aims to reduce bureaucracy in response to farmers' protests against EU red tape, and as part of a wider drive to make industries more competitive. The proposed changes could affect green conditions attached to farming subsidies and have faced criticism from environmentalists.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖