Monday, March 17, 2025 | 11:21 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Sitharaman brings farm sector reforms, to deregulate onion, potato prices

Stock limits will be imposed only under exceptional circumstances like national calamities and famine, said the FM

onions, market, farmers, storage, deregulation, prices
Premium

The Essential Commodities Act was framed in 1955 to deal with chronic shortages and prevent unscrupulous elements from taking advantage by hoarding essential items.

Sanjeeb Mukherjee New Delhi
In a measure that could help improve the supply chain, Finance Minister Nirmala Sitharaman on Friday announced that food items such as cereals, edible oils, oilseeds, pulses, onions and potatoes will henceforth not fall under the purview of the Essential Commodities Act.
 
Measures such as stock limits will be imposed only under exceptional circumstances like natural calamities and famines.
 
Though a pale shadow of its former self, the Essential Commodities Act, vested state governments with a lot of powers, many of which will not exist once the Act is amended at the Central level.
 
“The Essential Commodities Act, along with

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in