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Govt to ramp up pulses buffer stock to 2 million tonnes at Rs 18,500 crore

The exercise will ensure a stable price regime for pulses and also encourage domestic farmers to increase production of pulses

Pulses

To keep prices stable and encourage farmers to grow dal crop, the Union Cabinet on Monday decided to more than double the buffer stock of pulses to two million tonnes (mt) from the current 800,000 tonnes, for which it will incur a financial burden of Rs 18,500 crore over two years. The buffer stock would be created both through direct procurement from farmers and via imports.  The Rs 18,500-crore expenditure on maintaining buffer stock would have to be met either through internal resources or borrowing from markets, given the current allocation towards price ...