Union cabinet has extended stock-holding limits on traders of pulse, edible oil and oilseeds by one year till September 30, 2017. The move is expected to check hoarding.
This step will ensure smooth supply of commodities as the states can act against hoarding effectively and smoothly.
The state governments can now issue control orders with the concurrence of the central government on importers, millers, wholesalers and retailers as necessary
Stock-holding limits on traders of pulse, edible oil and oilseeds expires in September.
While the pulse prices in retail markets are still ruling high even as there has been a drop in the wholesale market, the country needs to import pulse and edible oil as the domestic production is lower than the growing demand.