Rising price of Toor dal: Centre steps up efforts to monitor stock disclosures of pulses, directs importers to declare stockpile
Toor dal prices: The meeting was held with importers, International General Produce Association (IGPA), All India Dal Millers Association, and others.
Toor dal prices: In order to curb the rising prices of Toor dal and other essential dal or lentils, the committee formed to monitor dal prices held a meeting on Wednesday, March 29 to discuss the stock of Toor dal held by various entities such as importers, millers, stockists, traders, and others. The move comes amid the rising prices of Toor dal in the country.
:Income tax: What are the 6 common tax-saving mistakes that can be avoidedTo cross validate the stocks declared, states were also requested to get information from warehouse service providers, both public and private. And the need to monitor stocks of imported pulses at custom bonded warehouses was also emphasized, to ensure their timely release from ports.
Why is the government monitoring Toor dal prices?
“India imports approximately 60 per cent of lentils and as Toor dal is an essential commodity used daily by people, the centre is focusing on its rising prices,” the report stated.
The report also said that the committee formed to monitor dal prices is not just focusing on Toor dal but all lentils which are getting costlier, in order to curb hoarding.
The committee has also asked the entities to stay away from hoarding practices.
The centre will soon discuss the matter in detail with stakeholders related to the value chain of lentils in a meeting.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
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.