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What We're Watching: Indian farmers stop protesting, Evergrande on brink of default, Saudi camels get touch-ups

Indian farmers pack up their tents — for now. For over a year, tens of thousands of Indian farmers have been protesting three agriculture laws that they say would give more power to big agribusiness and reduce farmers’ incomes. (The government says they rather aim to streamline an outdated and inefficient sector.) Now, farmers’ unions say they will call off the protests — and shut down the makeshift protest camp they built on the outskirts of Delhi — after PM Narendra Modi agreed to their demands. The farmers want the government to set a minimum price for most farm produce, and withdraw criminal charges for farmers arrested during protests. Modi backing down is a big deal because agriculture is the primary source of income for nearly 60 percent of Indians, and dozens of farmers have been killed in confrontations with police over the past year. Protest leaders will meet with government officials on January 15 to assess the plan’s progress. But if the government doesn’t follow through on its promises, the farmers say they’ll go back to the picket line.

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