From Kautilya’s Arthashastra to Mughal policies and British non-intervention, India’s response to supply shocks has long been defined by the role of the state.
A liquid commodity derivatives market is essential for clear price signals. By retaining discretionary government control, the Bill blocks its development.
West Bengal invoked the Essential Commodities Act to impose restrictions on potato's storage, trade, and transport. It pits consumers in Kolkata against those in Guwahati, Ranchi, and Bhubaneswar.
NCRB data shows that states such as Maharashtra, Rajasthan, Bihar, UP and Tamil Nadu witnessed a massive jump in cases related to the Essential Commodities Act.
Prices of pulses have seen sustained inflation this year, hovering above the Rs 100/kg in the retail market. Govt move comes ahead of gradual unlocking, with the festival season just weeks away.
The Essential Commodities (Amendment) Act 2020 may not be so detrimental to the farmers producing surpluses. It is the consumers who may have to worry.
The Standing Committee on Food, chaired by TMC MP Sudip Bandyopadhyay, recommended the government to implement the Essential Commodities (Amendment) Act, 2020.
The bill gives the Centre the power to designate certain commodities like food items, fertilisers and petroleum products as essential commmodities and regulate their production, supply, distribution, and trade.
Modi govt has made actual legal changes to implement its policy statements on agriculture reforms. It should now plug loopholes to realise their full potential.
In recent years, saying goodbye to the show has become an unfortunate ritual. Now, with the death of James Burrows, another important figure behind the show's legacy is gone.
Kpler data shows India's Russian oil imports are on track to reach 2.25 mbpd in June 2026, as prospects of Iranian crude returning to India grow after US-Iran agreement.
Under the agreement, the loitering munitions will be offered to the Indian Army as part of efforts to address what the companies described as an ‘urgent requirement’.
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