Cabinet nod to increase pulses buffer stock to 20 lakh tonnes

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs, chaired by PM Modi

The Union Cabinet on Monday approved a proposal to enhance buffer stock of pulses up to 20 lakh tonnes, an official statement said.

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi.

"The Cabinet Committee on Economic Affairs has approved the proposal of Department of Consumer Affairs on enhancing the buffer stock for pulses up to 20 lakh tonnes. The buffer stock will be built through domestic procurement and imports of 10 lakh tonnes each," the statement said.

It said that specific variety of pulses, their respective quantities for the buffer stock and their procurement will be decided based on price and availability position, both domestic and global.