Categories: Business

The government imposes stock limits to pulses until October to examine price increases

New Delhi: To prevent hoarding and examine price increases, the center on Friday enforces shares limits on all pulses except Moong held by wholesalers, retailers, importers, and factories until October.
The stock limit is charged with direct effects.
Commands in this case have been issued by the Ministry of Food and Union consumer affairs.
The 200-ton stock limit has been charged on wholesalers as long as they do not have more than 200 tons from one variation of pulses, the ministry said in the order.
At retailers, the stock limit will be 5 tons.
In the case of Millers, the stock limit will be the last three months of production or 25 percent of the installed annual capacity, which is higher.
Finally, for importers, the stock limit will be the same as wholesalers for shares held / imported before 15 May 2021.
And for pulses imported after May 15, the stock limit applies to wholesale will apply after 45 days from the 45 days of the day Since the 45 days from the date of 45 days permission, the Order said.
According to the ministry, if the entity shares exceed the specified limit, they must be stated in the online portal of the consumer affairs department and must be taken within the limits specified within 30 days of the order notification.
The ministry said there was a sustainable increase in pulse prices in March-April.
The need for urgent policy decisions is felt to send the right signal to the market.

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