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Government to distribute subsidized pulses through postal network

Capital Market 

Inter ministerial committee recommends more release of Chana from buffer stock to check its prices

The Government has decided to use postal network for distribution of subsidized pulses and release more Chana from buffer stock to ensure availability of these commodities at reasonable prices during ongoing festival season. The decisions were taken in the Inter Ministerial Committee on prices of essential commodities headed by Union Consumer Affairs Secretary, Shri Hem Pande. The committee reviewed availability and prices of essential commodities specially pulses and suggested that in the absence of Government outlets in the states postal networks should be export for the distribution.

It was observed that there are declining trends in the prices of pulses in recent weeks. Prices some of the other commodities are stable. The committee also reviewed procurement arrangements of Kharif pulses by Government agencies. It was informed that so far 500 procurement centres have been opened and farmers are being paid through check or bank transfer instantly. The Government has set up procurement target of 50,000 MT for current Kharif pulses.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 14 2016. 17:16 IST
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