As on date Government is not planning to import pulses: Ram Vilas Paswan

Image
Capital Market
Last Updated : Jun 25 2019 | 5:31 PM IST

Government has approved creation of dynamic buffer stock of pulses of upto 20 lakh tonnes

The Union Minister of Consumer Affairs, Food & Public Distribution, Ram Vilas Paswan has informed in Lok Sabha that as on date Government is not planning to import pulses.

In the month of September 2018, Government launched a scheme for disposal of stock of pulses procured under Price Support Scheme (PSS) during Kharif and Rabi season 2017-18, by way of distribution to States/UTs for utilization under various welfare schemes like MDM, PDS, ICDS, etc. with Central subsidy of Rs 15 per kg over the issue price as a one-time measure for a period of 12 months or till PSS pulses stock of 34.88 lakh MT lasts (whichever is earlier).

As per the 3rd Advance Estimates released by Department of Agriculture, Cooperation and Farmers Welfare, production of pulses for the year 2018-19 is estimated to be 23.22 Million MT (MMT) as compared to 25.42 MMT as per final estimates for the year 2017-18.

Government has taken various measures to ensure availability of pulses and moderate its price fluctuations. Such measures include initiatives for increasing production and productivity of pulses through National Food Security Mission (NFSM), announcing appropriate Minimum Support Price (MSP) to incentivize production, etc. Further, Government has signed a MoU with Mozambique for assured supply of Tur and other pulses and also suitably amends trade policy to improve availability, etc.

In addition, calibrated releases are made from buffer stock of pulses from time to time to moderate price fluctuations.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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 25 2019 | 5:09 PM IST

Next Story