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
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
