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Essential Commodities Act News

Cabinet Approves Amendment To Essential Commodities Act

The Union Cabinet on Wednesday approved amending the six-decade-old Essential Commodities Act (ECA) days after finance minister Nirmala Sitharaman had announced the proposal as part of the Atmanirbhar Bharat Package. The ECA allows central and state governments to controls the production, ...

How Will Amending Essential Commodities Act Help Farmers?

In the steps announced in the third tranche of the COVID-19 stimulus package by FM Nirmala Sitharaman on Friday one of the key decisions was to amend the Essential Commodities Act deregulate staple agricultural produce. What is the Essential Commodities Act? ...

Hoarders disrupting supply; govt to take action: FM Arun Jaitley

Blaming hoarders for recent spurt in food prices, Finance Minister Arun Jaitley today said there was no need for panic as country has enough food stocks and promised stern action against black marketeers. Eager to control prices before they spiral ...

Paswan asks states to rise above politics to control prices

Food Minister Ram Vilas Paswan today termed hoarding as an anti-national activity and asked state governments to rise above politics to control prices by effectively enforcing the Essential Commodities Act. The current price rise is a temporary phenomenon created by ...

Hoarding to be non-bailable offence; fund to stabilise prices

Seeking to check rising prices, the government today decided to amend the law to make hoarding a non-bailable offence and set up a price stabilisation fund to enable states to undertake market intervention. Asserting that there was no cause for ...