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Centre likely to enforce Essential Commodities Act to check prices of commodities 5/19/2021 11:46:23 PM EARLY TIMES REPORT Jammu, May 19: As some traders are brazenly trying to take undue benefit of the prevailing situation by enhancing prices of essential commodities, the Union Government is seriously thinking to enforce provisions of Essential Commodities Act in states and Union Territories (UTs) to check prices of such commodities. Piyush Goyal Minister for Consumer Affairs, Food & Public Distribution, Railways and Commerce and Industry today asked the officials to keep a strict watch on prices of essential commodities in the States/UTs. The Minister asked the officials of the Department of Consumer Affairs to ensure that adequate stock of relevant commodities be maintained to create a buffer to cushion the unusual price shocks and keep prices stable. The Union Minister said that the Provisions of Essential Commodities Act to be enforced by States if any Miller, Wholesaler or Retailer etc tries to take undue advantage of the Covid situation and hoards the essential commodities. Union Minister was reviewing the provisions for keeping the prices of essential commodities in check in the States/UTs. It may be noted that the Department of Consumer Affairs collects data about prices from 157 centres of 34 states/UTs. The States/UTs are expected to monitor the prices of all 22 essential Commodities, especially pulses, oilseeds, vegetables and milk and to look for early signs of any unusual price rise so that timely interventions can be made to ensure that these food items are provided at affordable prices to consumers. It may also be noted that the Secretary, Department of Consumer Affairs had also taken meeting day before yesterday with Principal secretaries of states to tell them about the need to maintain the prices of Essential Commodities at fair levels. DoCA also directed all the Stockholders like Millers, traders, importers, etc. to declare the stocks of pulses and that the same may be verified by the State/ UTs Governments.   Share This News with Your Friends on Social Network     Comment on this Story

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