look news india
To prevent hoarding and control prices, the government on Friday imposed stock limits on tur and chana dal till September this year. An official statement said that the Center has issued an order to impose stock limits. This order will apply to wholesalers, retailers, large chain retailers, mill owners and importers. The move is aimed at “preventing hoarding and speculation and making tur and chana accessible to consumers”.
inflation of pulses
The Order Removing Licensing 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, the stock limit of chana dal and kabuli chana including peas has been fixed for all states and union territories till 30 September 2024. The stock limit applicable individually on each pulse will be 200 tonnes for wholesalers, five tonnes for retailers and 200 tonnes at the depot for large chain retailers. For mill owners, this limit will be the production of the last three months or 25 per cent of the 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.
