Hoarders

The Maharashtra government on Monday set up a six-member committee to conduct a high-level inquiry into the illegal hoarding collapse tragedy that killed 17 persons in Ghatkopar area of Mumbai, officials said. The committee is headed by Dilip Bhosle, former Chief Justice of the High Court, and includes the Director General of Police, Additional Commissioner of Brihanmumbai Municipal Corporation (BMC), a structural engineer from IIT Bombay, an Income Tax Officer, and a Chartered Accountant. At least 17 people were killed and 74 injured after a huge iron hoarding collapsed on a petrol pump in Ghatkopar on May 13 amid a dust storm. The committee's mandate, as detailed in the order issued by the state Home department, includes investigating the roles of the entities responsible for the hoarding and the petrol pump. This will involve examining their previous records, financial transactions, and any potential collusion with officials from various agencies. The committee is also tasked wi

India had imposed a limit on how much wheat stock traders could hold to moderate prices. However, the limit is set to expire on March 31st and after that, traders must declare their wheat stocks

The government on Friday imposed stock limits on tur and urad dals held by wholesalers, retailers, importers and millers till October to prevent hoarding and check price rise. An order in this regard was issued with immediate effect by the Union Food and Consumer Affairs Ministry. All India average retail price of tur has increased by 19 per cent to 122.68 per kg on June 2, from 103.25 per kg a year ago. Similarly, the average retail price of urad has increased by 5.26 per cent to Rs 110.58 per kg from Rs 105.05 in the said period, as per the data maintained by the ministry. "Under this order, stock limits have been prescribed for tur and urad until 31st October 2023 for all States and Union Territories," Consumer Affairs Secretary Rohit Kumar Singh told PTI. According to the order, a stock limit of 200 tonnes each has been imposed on tur and urad for wholesalers, 5 tonnes each for retailers and retail outlets, and 200 tonnes at the depot for big chain retailers. In the case of ..

Centre on Thursday asked state governments to gather details about stocks of edible oils and oilseeds from traders, millers, refiners and other stockists

Till Monday, more than 43,700 confirmed cases of coronavirus were reported in the United States

The central government has called a meeting of the director general of police of Delhi, Haryana, Uttar Pradesh and Punjab on Thursday to have better coordination among states in cracking down on hoarders of essential commodities and established trade cartels.The meeting, which will also be attended by officials from the Directorate of Revenue Intelligence and Intelligence Bureau, will discuss how to break the network of traders who form cartels to artificially push up prices.It has been observed that traders sometimes shift their inventories or stocks to neighbouring states to escape punitive action and a joint-action will stop that"Commodity prices generally show a rising trend between July and October which coincides with the peak festival season. Though, there are many reasons for price rise, but hoarding and black-marketing is a big factor," a senior official saidAs per official data, India's consumer price-based inflation touched a 19 month high of 5.76 per cent in May, driven pri