Pulses Stock Holding Limit

The government has approved the appointment of Rahul Bhave as Managing Director and CEO of financial institution IFCI. Bhave, serving as Deputy Managing Director, has been appointed as MD and CEO for three years from the date of taking over, a government order said. The appointment has been approved by the Appointments Committee of the Cabinet (ACC), headed by the Prime Minister. The Industrial Finance Corporation of India (IFCI) was set up by the government on July 1, 1948, as the first development financial institution in the country. The finance ministry, in November 2024, in principle approved the 'Consolidation of IFCI Group', which entails the merger/amalgamation of IFCI Ltd and StockHolding Corporation of India Ltd and other group companies. As per the proposal, StockHolding Corporation of India Ltd, IFCI Factors Ltd, IFCI Infrastructure Development Ltd, and IIDL Realtors Ltd will merge with IFCI Ltd. Further, StockHolding Services Ltd, IFCI Financial Services Ltd, IFIN ..

European shares slipped, Asia shares fell following an overnight selloff on Wall Street, and U.S. stock futures pointed to a weaker open later in the day.

On the other hand, UP has not only distributed its full April quota of 35,000 tonnes of free pulses, but is also preparing to give the May and June quota at one go

Food Minister Ramvilas Paswan today said that the Centre has directed all state governments to lift all sort of stock holding limits on pulses because of adequate supplies and drop in prices."The stock holding limits on all pulses has been lifted with immediate effect as there is no shortage of pulses in the country and prices have also fallen," Paswan said in a series of tweets. He said the move will help pulses producers.The Central government had in September last year extended the stock holding limits on all pulses for one-year as prices showed little falling. The stock limit on pulses were in place on and off prior to 2015. But states were empowered to implement it strictly towards the end of 2015 when dal prices soared to Rs 200/kg to check hoarding and contain price rise.However, with pulses production in 2016-17 reaching an all-time high of over 22 million pulses, prices of most pulses particularly tur, moong and masur have dropped below their minimum support price, forcing ..