The government today extended the “control order” time limit for pulses, edible oils and oilseeds by another year till September 30, 2016. This has been done to enable states to initiate appropriate measures for their availability.
Briefing about the decision taken by the Union Cabinet today, Communications and Information Technology Minister Ravi Shankar Prasad said pulses, edible oils and oilseeds were covered under a control order that was to expire on September 30.
It would enable the states to regulate trade of these essential commodities and to continue effective operations under the Essential Commodities Act, he said.
The states can now impose stock limits/licensing requirements to curb unscrupulous trading, hoarding and profiteering of the commodities, a part of which the government also has to import to fulfil domestic requirements.
The extension will also help states in tackling the problem of ensuring adequate availability of these commodities in the domestic market and keep prices under control, officials said. The government had initiated a series of policies, initiatives and measures to enhance availability and moderate prices of essential commodities, especially pulses and onions.
Future trade in pulses like urad and tur has already been suspended. The export of pulses has been banned and there is zero duty on their import. Pulses have also been included for assistance under the Price Stabilisation Scheme. To increase availability of pulses in the domestic market, 5,000 tonne urad and 5,000 tonne tur has been imported. These imports are likely to reach shortly, which will ease the price situation, they say.
Briefing about the decision taken by the Union Cabinet today, Communications and Information Technology Minister Ravi Shankar Prasad said pulses, edible oils and oilseeds were covered under a control order that was to expire on September 30.
It would enable the states to regulate trade of these essential commodities and to continue effective operations under the Essential Commodities Act, he said.
The states can now impose stock limits/licensing requirements to curb unscrupulous trading, hoarding and profiteering of the commodities, a part of which the government also has to import to fulfil domestic requirements.
The extension will also help states in tackling the problem of ensuring adequate availability of these commodities in the domestic market and keep prices under control, officials said. The government had initiated a series of policies, initiatives and measures to enhance availability and moderate prices of essential commodities, especially pulses and onions.
Future trade in pulses like urad and tur has already been suspended. The export of pulses has been banned and there is zero duty on their import. Pulses have also been included for assistance under the Price Stabilisation Scheme. To increase availability of pulses in the domestic market, 5,000 tonne urad and 5,000 tonne tur has been imported. These imports are likely to reach shortly, which will ease the price situation, they say.
