Union Government extended stock limits on pulses to four categories of stocks

Oct 19, 2015 13:03 IST

The Union Ministry of Consumer Affairs, Food and Public Distribution on 18 October 2015 extended stock limits on pulses to four categories of stocks that were exempted under the order issued in September 2015.

The four categories of stocks are-pulses sourced from imports, stocks held by exporters, stocks to be used as raw-materials by licensed food processors and stocks of Large Departmental Retailers.

The extension of stock limits is aimed at easing supply side pressures on pulses by checking hoarding activities.

In September 2015, a Central Order was issued under the Essential Commodities Act, 1955 imposing stock limits on pulses, edible oils and edible oil seeds for one year up to 30 September 2016.

The order was in addition to the following measures undertaken by the government to cool down pulse prices in the open market.

• Export of pulses was banned.
• Zero import duty on pulses was extended.
• Around 5000 tonnes of pulses were imported from Price Stabilization Fund.
• The minimum support price (MSP) has been increased to 4625 rupees per quintal for Urad and Arhar dal and to 4850 rupees per quintal for Moong dal.
• A buffer stock was created by procurement and imports of pulses.
• States are directed to take strict action against hoarders and black marketers.
• It was decided to bring transportation, handling and milling charges of imported pulses under the Price Stabilization Fund.
• States were encouraged to lift stocks of imported pulses.
• Distribution of pulses through retail outlets-Kendriya Bhandar and Safal-at subsidized prices.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes4 People Agreed
Read more Current Affairs on: pulses , inflation , high prices , hoarding , retailers , MSP , price stabilization

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK