Regular Update
ATM News Network: The Consumer Affairs Department of the Central Government has set up a committee under the chairmanship of Additional Secretary, Nidhi Khare, in coordination with the State Governments, to monitor the stocks of toor dal held by importers, millers, stockholders and traders. This decision has been taken in the wake of reports of regular inflows of toor dal despite the non-opening of stocks related to the market.
The central government's intention to control hoarders and speculators in the market is evident behind the announcement of setting up a committee to monitor stocks of toor dal. At the same time, this also expresses the determination of the central government to keep the prices of toor dal under control in the future.
Apart from this, the central government is keeping a close watch on the stocks of other pulses in the domestic market to avoid any unreasonable increase in the price of other pulses in the coming months.
The Central Government has issued instructions to all States and Union Territories on August 12, 2022, for strict implementation of Toor Dal stock declaration under the Essential Commodities Act, 1955.
Also for smooth and orderly imports, the government has abolished the 10 percent tax applicable on toor imports from countries other than LDCs. This is because these duties create procedural barriers even for zero-duty imports from less developed countries.
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