Inconsistent decisions

Stock-holding limits on pulses will affect govt's reform credentials

After allowing free imports of some varieties of pulses, the government last week imposed stock-holding limits on pulses for millers, wholesalers, retailers, and importers till October 31. The limits have been fixed at 200 tonnes for wholesale traders and importers, and five tonnes for retailers. The stock limit for processors/dal millers has been set at the last three months’ production or 25 per cent of annual installed capacity, whichever is higher. The ill-advised decision, which came after the prices of pulses increased sharply in April and May, surprised traders in several mandis across the country, and some went on a