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Essential Commodities Act

By: Harveer Singhtwitter.com/iastoss+91-880-2009-420

This PPT is for educational purpose only. The learner is expected to supplement the video lecture with this ppt. The content is taken from various daily and weekly publications. Due care has been taken in preparing the material but the tutor or superprofs would not be responsible for any error or consequences arising out of it.

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• To ensure the availability of any commodity at fair price govt can declare it essential commodity.

• Government can control the production, supply, and distribution of these commodities for maintaining or increasing supplies and securing their equitable distribution.

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• 7 Categories (1) Drugs; (2) Fertilizer, inorganic, organic or mixed; (3) Foodstuffs, including edible oilseeds and oils; (4) Hank yarn made wholly from cotton; (5) Petroleum and petroleum products; (6) Raw jute and jute textile; (7) (i) seeds of food-crops and seeds of fruits and vegetables; (ii) seeds of cattle fodder; and (iii) jute seeds, cotton seeds

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• State/UT imposes stock or turnover limits for various commodities.

• Parliament's estimates committee asked the government to come out with a new legislation for controlling the retail prices of essential commodities such as rice, wheat, pulses, edible oils, sugar, milk and vegetables means this act is not that effective.

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Thank You.

• For any feedback/query/word of thanks, the Tutor can be contacted at harveersinh@gmail.com