Punjab Chief Minister Charanjit Singh Channi on Friday said that the Centre's decision to repeal all three farm laws is although much delayed, but a welcome step. Mr Channi, however said, had Prime Minister Narendra Modi taken this decision much earlier several precious lives would have been saved. He said that he had himself prevailed upon the Prime Minister to take these laws back during his meeting with him at his office.<br />'' <br />'' Mr Channi alleged that the nexus of Akali-BJP and even Captain Amarinder Singh made all out efforts to weaken the farmers' movement. The Chief Minister said that now when the Prime Minister has announced to withdraw these farm laws, he should compensate the farmers adequately for the huge losses of life and property suffered by them. Likewise, he also sought compensation for the state on account of financial and property losses during the Kisan Morcha.<br />''<br />''Mr Channi also asked the Prime Minister to immediately announce a financial package to relieve farmers and labourers reeling under the huge burden of debt. He also asked the Centre to make its stand clear on Minimum Support Price and public procurement of farmers' crops.