TN to impose stock limits on pulses
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Department of Consumer Affairs approved Tamil Nadu’s proposal to impose stock limits on tur and urad pulses.
- ✓The state government said this move aims to curb price rises and prevent hoarding.
- ✓Officials will now issue a control order to ensure these essential commodities remain available at reasonable prices for consumers.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Financial Express
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The Department of Consumer Affairs has approved Tamil Nadu's proposal to impose stockholding limits on tur and urad pulses to curb price rises and prevent hoarding amid increasing retail inflation.
"The government of India conveys its concurrence to the proposal of the state government to issue an appropriate control order imposing stock limits on tur and urad pulses," DoCA stated in a communication to the state government. Sources told FE that the final nod for imposition of stock holding limits on pulse variants is expected soon.
Last month, Chief Minister C Joseph Vijay had written to the Union Ministry of Consumer Affairs, Food and Public Distribution, seeking approval to impose stockholding limits on rice, pulses, edible oils and onion under the Essential Commodities Act.
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