States should implement sugar stock limit: Centre

Image
Press Trust Of India New Delhi
Last Updated : Jan 20 2013 | 9:33 PM IST

The Centre has asked states to implement the stock limit order on sugar as only five states have notified it so far, while two states have promised to enforce it soon.

At a meeting of state food secretaries in New Delhi last week, the Centre pointed out that it has been repeatedly requesting state governments and union territories to implement stock holding and turnover limits, but there are a number of states which have not even responded.

Out of 10 states responded to the Centre’s request, Sikkim, Tripura and Puducherry told that they do not require to implement the Central order in their respective states, a government official said, adding Madhya Pradesh and Haryana have promised to enforce the order. The stock limit order is being implemented only in Maharashtra, Delhi, Punjab, Karnataka and Andaman & Nicobar island, he said. As many of the states are yet to notify the stock holding and turnover limits, the order of the Central government is not getting implemented, he added. Under the stock and turnover limit on sugar, the Centre had prescribed the maximum quantity a trader can keep, while giving flexibility to states to increase it further. It said, a trader has to sell his stocks within 30 days from the date he receives the consignment.

Even though many states have not shown interest in the legal instrument that empowers them to take action against hoarding and control price rise, the Centre is mulling to extend the stock limit order by six months, which is set to expire on July 8.

On May 9 this year, the government had issued the notification which was valid for four months. According to sources, the Food Ministry is considering to increase the validity of stock limit order till January 8, 2010.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 18 2009 | 12:01 AM IST

Next Story