Government agencies to import further 90,000 MT pulses for buffer stock

Image
Capital Market
Last Updated : Aug 29 2016 | 10:01 AM IST
The Government today ordered further import of 90,000 MT pulses, consisting of 40,000MT Masur, 20,000 MT Tur, 20,000 Desi Chana and 10,000 MT Urad for the buffer stock. The decision to this effect was taken in a meeting of Price Stabilization Fund chaired by Union Consumer Affairs Secretary, Shri Hem Pande here today. With this order total import of pulses for buffer stock stands now 1, 76,000 MT. Domestic procurement of pulses has also to reached to 1,20,000 MT as on August 23,2016. The government agencies have been also been directed to gear up for domestic procurement for coming crop of pulses, which is expected to good this year.

The meeting reviewed the procurement and distribution of pulses from buffer stock. So far about 40,000 MT have been allocated to the States the buffer stock for distribution not more than Rs. 120/kg. These pulses are provided to the States- Tur at the rate of Rs. 67/kg and Urad at the rate of Rs. 82/kg.

Inter Ministerial Committee on prices of essential commodities also met today to review availability and prices of essential commodities.. The meeting observed that prices of pulses have come down but have not reflected in retail. It was of the opinion that States must be asked to take immediate action under Essential Commodes Act to ensure that decline in prices id also reflected in retail also.

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: Aug 29 2016 | 9:40 AM IST

Next Story