The proposal moved by the food and civil supplies department, received the Chief Minister Devendra Fadnavis's nod today, his office said.
As much as 13,000 tonnes of tur dal has been seized after the prices of dal started skyrocketing, and today's decision would bring the prices down, an official in the CM's office said.
The Government had also taken urgent steps to bring the prices down such as a cap on how much dal can be stocked by the traders and raids on hoarders, he said.
"Stocks are being released on personal bond only in the case of those traders who have not violated government orders regarding restrictions on storage," the official said.
The government had earlier allowed returning of tur dal stocks to the concerned traders after obtaining indemnity bonds, but the traders' association insisted on only personal bonds, he said.
The government rejected the demand and decided to auction the seized stocks of tur dal as per the provisions of the Essential Commodities Act, he said.
Malik had alleged that the hoarders were selling off such stocks in the market at high prices.
