Govt to sell subsidised pulses through post offices

Image
Press Trust of India New Delhi
Last Updated : Oct 14 2016 | 6:22 PM IST
In the absence of government outlets in states, the Centre will utilise huge network of post offices across the country to sell subsidied pulses, mainly tur, urad and chana, to ensure availability in the ongoing festival season.
An Inter-ministerial committee, headed by Consumer Affairs Secretary Hem Pande, took the decision at its meeting here today. It was attended by senior officials of ministries of food, consumer affairs, agriculture, commerce and finance. Officials of state-run MMTC and NAFED were also present.
"Since there are not many government outlets in states, we have decided to use the postal network for distribution of subsidised pulses from our buffer stock. This will improve availability in the ongoing festival season," a senior Consumer Affairs Ministry official told PTI after meeting.
In order to boost chana (gram) supply and curb prices, the committee has decided to release more stock to government agencies for retail distribution, he said.
There are 1.54 lakh post offices in the country, of which 1.39 lakh are in rural areas.
The government has been releasing tur and urad from its buffer stocks for last many months to state governments as well as government agencies like Nafed and Mother Dairy for retail distribution at a subsidised rate in order to protect consumers from high prices.
The government has targeted to create a buffer stock of 20 lakh tonnes this year and pulses are being procured directly from farmers in the domestic market and through imports.
In a separate statement, the Consumer Affairs Ministry said the committee reviewed the prices of pulses, sugar and other essential commodities.
"It was observed that there are declining trends in the prices of pulses in recent weeks. Prices some of the other commodities are stable," it said.
The committee also reviewed procurement arrangements of Kharif pulses by the government agencies -- FCI and Nafed.
The government has set up a procurement target of 50,000 tonnes for current kharif pulses. So far, 500 procurement centres have been opened and farmers are being paid through check or bank transfer instantly, it added.

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: Oct 14 2016 | 6:22 PM IST

Next Story