Global Economy

Govt makes stock disclosure for masur mandatory


The government has made it mandatory to disclose the stocks of masur (lentil) with immediate effect on the stock disclosure portal managed by the department of consumer affairs. Any undisclosed stock if found, will be considered as hoarding and suitable action under EC Act would be initiated, the department said in a statement on Wednesday.

“At the time when lentil import flow increases from Canada and tur imports from African countries, few players are trying to manipulate the market against the interest of the consumers and the nation,” said Rohit Kumar Singh, Secretary, Department of Consumer Affairs.

He added that the government is watching the developments very closely.

It would initiate stringent measures to get the stock released into the market so that availability of all pulses at reasonable prices in the festival season is ensured.

The move has come at a time when National Agricultural Cooperative Marketing Federation of India (NAFED) and National Cooperative Consumers’ Federation of India Limited (NCCF) had to suspend their tenders to purchase imported lentils due to exorbitantly high bids received from few suppliers indicating at cartelization.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.