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Govt extends time limit of control order for pulses, edible oils and oilseeds

23 Sep 2015 Evaluate

The union cabinet has extended the time limit of the ‘control order’ for pulses, edible oils and oilseeds by another year, which will enable the state governments to take steps to curb unscrupulous trading and hoarding of pulses, edible oils and oilseeds. The validity of a central order has been extended from October 1 to September 30, 2016 in respect of pulses, edible oils and oilseeds. The extension will also help the states in tackling the problem of ensuring adequate availability of these commodities in the domestic market and keep prices under control.

In view of shortages, it was decided in 2014 that pulses, edible oils and edible oilseeds be brought under control order to ensure availability. The same order is expiring on September 30. They states can impose stock limits/licensing requirements etc to curb unscrupulous trading, hoarding and profiteering.

Communications and Information Technology Minister Ravi Shankar Prasad stated that the cabinet has also decided to put stock limit on registered warehouses with regards to pulses, edible oils and oilseeds. The government has taken a series of 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. Export of pulses has been banned and there is zero duty on import of pulses. In order to increase availability of pulses in the domestic market, 5,000 tonnes of urad and 5,000 tonnes of tur have been ordered to be imported. These imports are likely to reach shortly, which will ease the price situation.

 

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