look news india
Inflation of pulses: To prevent hoarding and control prices, the government on Friday imposed stock limits on tur and chana pulses till September this year. An official statement said that the Center has issued an order imposing stock limits. The order will apply to wholesalers, retailers, large chain retailers, millers and importers. The move is aimed at “preventing hoarding and speculation and making tur and chana accessible to consumers”. The order removing license requirements, stock limits and movement restrictions on certain food items (Amendment) Order, 2024 came into force with immediate effect from June 21, 2024.
Stock limit has been set
Under this order, stock limits for villages including tur and kabuli villages have been fixed for all states and union territories till September 30, 2024. The stock limit applicable individually on each pulse will be 200 tonnes for wholesalers, five tonnes for retailers and 200 tonnes at depots for large chain retailers. For mill owners, this limit will be the last three months of production or 25 per cent of annual installed capacity, whichever is higher.
This rule is for importers
Importers are not to hold imported stock for more than 45 days from the date of customs clearance. The concerned legal entities have to declare the stock position on the portal of the Department of Consumer Affairs. “If they have stock in excess of the prescribed limit, they have to bring it down to the prescribed stock limit by July 12, 2024,” the statement said. Imposing stock limits on tur and gram will help control prices, the statement said. Supply of essential commodities is part of the steps taken by it. The Department of Consumer Affairs is keeping a close watch on the stock of pulses through the stock information portal.