Centre plans to increase supply of essential commodities under Bharat brand
The government retails flour and rice through three agencies - National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers Federation of India Limited (NCCF), and Kendriya Bhandar.
In an effort to stabilize prices in the country for the upcoming festival, the central government is planning to increase the supply of essential commodities under the Bharat brand. The government is aiming to augment supplies of flour, pulses, and rice in areas where the consumption rate is high.
Accessibility Across Retail Chains
According to the report, the products under the 'Bharat brand' will be available at co-operative stores as well as major retail chains. Further, states have been directed to implement vigilant monitoring measures to counter hoarding activities. If the price of any item increases in the coming time, the government will sell that item under the Bharat brand.
Apart from that, the government is also discussing the availability of edible oil and other essential commodities under the scheme.
The government retails flour and rice through three agencies - National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers Federation of India Limited (NCCF), and Kendriya Bhandar.
To regulate prices, the government initiated the retail sale of 'Bharat Atta' in November last year, followed by the sale of 'Bharat Rice' on February 6. Food Corporation of India (FCI) supplies grains to these agencies for retail purposes.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
08:54 PM IST