Centre imposes stock limit on sugar for Sept, Oct to check hoarding
The Dollar Business Bureau In order to prevent hoarding of sugar and to check the prices during the upcoming festive season, the Government on Tuesday imposed limit on stock holding on sugar producers for September and October. “In exercise of the powers conferred by section 3 of the Essential Commodities Act, 1955 (10 of 1955) read with the clause 5 of the Sugar (Control) Order, 1966, the Central Government hereby directs that no producer of sugar shall hold any stock of sugar in excess of quantities,” said Ministry of Consumer Affairs, Food & Public Distribution said in a notification. By the end of September, sugar mills will not be permitted to stock more than 21% of the total sugar available with them during ...
Prices of pulses not to cross Rs.120/kg: Paswan
Source: PTI Prices of pulses will not be allowed to cross Rs.120 a kg, Union Food Minister Ramvilas Paswan said on Monday. Paswan told reporters that his ministry has prepared a buffer stock to ensure that prices of pulses does not spiral. About 50 tonne pulses have been purchased and an additional 26 tonne was being imported, the Minister said. "Out of this import, 10 tonne has already reached us," he said adding another one lakh tonne pulses were been acquired from the market. He said production of around 173 lakh tonne of pulses was expected in the country this year, while the country consumes 235 lakh tonnes of pulses. The Minister said the Centre wants there should be no hoarding of pulses. Paswan, who hails from ...
Over 5,366 tons of seized pulses offloaded in mkt
Source: PTI According to the data, these 5,366 tonnes of pulses were offloaded by six states — Chattisgarh, Delhi, Karnataka, Odisha, Madhya Pradesh and Rajasthan Over 5,366 tonnes of pulses have been offloaded in the markets so far out of a total 1.32 lakh tonnes seized from hoarders in raids conducted by the states, a move aimed at boosting supply and easing prices. Pulses prices have been ruling as high as Rs.180 per kg in the retail markets across the country as their production dipped by 2 million tonnes in the 2014-15 crop year on poor and untimely rains. "Since imposition of the stockholding limits on pulses by the states, 1,32,777.14 MT have been seized till November 17, 2015," ...
Govt control on pulses, edible oil trade to go on till Sept 2016
Source: PIB, Government of India The Union Cabinet chaired by Prime Minister Shri Narendra Modi on Tuesday has given its approval for extension of validity of Central Order No.SO.2559 (E) dated 30.9.2014 for a further period of one year, that is from 1st October, 2015 to 30th September 2016 in respect of pulses, edible oils and edible oilseeds. This will enable states to regulate trade of these essential commodities and to continue to take effective operations under the Essential Commodities Act, 1955. They can impose stock limits/licensing requirements etc. to curb unscrupulous trading, hoarding and profiteering. The extension will also help the states in tackling the problem of ensuring adequate availability of these commodities in the domestic market and keep prices under ...
