look news india
Private retail chains and online food grain sellers such as D-Mart, Reliance Retail, BigBasket, Amazon and Flipkart will now have to declare their food grain stocks twice a week.
The government has taken this step as part of an effort to curb the steep rise in prices of pulses.
The central government has recently directed mill owners, retailers and wholesalers as well as large retail chains, importers, processors and stockists to make public their stock information every week. Of course, this rule has recently been changed for retail chains. Large retail chains have been asked to provide information about their stock twice a week from now on. Officials of large retail chains have to check the stock at ports and industry centers in the region.
A government official said that it has been observed that large retail chains are not disclosing information about their stock despite the rule. The stock disclosure portal was amended by the Department of Consumer Affairs to include Yellow Peas and large chain retailers as companies. The implementation of which has started from April 15. These retail chains have a certain amount of pulses in stock, which they need to declare, so that any price rise can be curbed. Since the first week of June, government officials have asked major retail chains to disclose stock information twice a week, insisting that this rule is binding on them.
