With the formation of the committee, the government aims to deal with hoarders and unscrupulous speculators in the market and keep the prices of Tur under control in the coming months.
By Ashutosh MishraThe Department of Consumer Affairs has announced the formation of a committee to monitor the stock of Tur held by various entities such as importers, millers, stockists, traders, and others.
The committee will be headed by Additional Secretary Nidhi Khare and will work in close coordination with state governments to ensure the disclosure of stock.
This move by the government comes in response to reports of market players not releasing the stock of Tur despite regular arrivals of imports in good quantities.
The government aims to deal with hoarders and unscrupulous speculators in the market and keep the prices of Tur under control in the coming months.
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The consumer affairs ministry has stated that the government is also closely watching the stock position of other pulses in the domestic market to take necessary preemptive measures in the event of an unwarranted price rise in the future.
In August 2022, the government issued an advisory to the States/UTs to enforce stock disclosure in respect of Tur under the Essential Commodities Act, 1955.
Furthermore, to facilitate smooth and seamless imports, the government has removed the 10 per cent duty applicable for Tur imports from non-LDC countries, as this duty creates procedural hurdles even for zero-duty imports from the LDCs.
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