January 22, 2021 9:18 am
Bibek Debroy writes: Before liberalisation, there were around 80 Union government-level orders and around 150 state government-level orders decreeing various items as “essential”.
December 18, 2020 9:58 am
“It has been established that when there is a price rise in the retail market, the benefit is not passed on to the farmers, who sell at low prices mostly, and high prices of commodities will affect consumers too,” it added.
September 26, 2020 7:59 am
An amendment to Essential Commodities Act, 1955 deregulates key foodstuffs except under extraordinary circumstances. Why was the need felt, and why have farmers and the Opposition raised concerns over it?
September 16, 2020 1:37 am
Lok Sabha on Tuesday passed the Essential Commodities (Amendment) Bill, 2020 which seeks to deregulate food items, including cereals, pulses and onion, a move aimed at transforming the farm sector and raising farmers' income.
June 29, 2020 2:59 pm
By declaring a commodity as essential, the government can control the production, supply, and distribution of that commodity, and impose a stock limit.
June 04, 2020 2:38 pm
Calling it a “historic day for agriculture”, Union Agriculture Minister Narendra Singh Tomar said the reforms will largely free the sector from a system of inspectors and permits.
June 03, 2020 7:29 pm
"The Cabinet, chaired by PM Narendra Modi, approved historic amendment to Essential Commodities Act.The regulatory environment has been liberalised for farmers through this," Union Minister Prakash Javadekar said at the media briefing.
May 17, 2020 7:07 am
Asked about the timeline by which the government wants to amend the EC Act, Food Minister Ram Vilas Paswan said “nothing is impossible”.
June 15, 2019 11:13 am
The proposal holds significance given that the EC Act arms the government with powers to impose stock limits and movement restrictions on agricultural commodities.
August 22, 2015 12:00 am
Onion prices touch off worries. But government must not use a temporary supply shock as a pretext to bring back controls