Essentials Commodities Act to be amended; Historic day
Key agri-reforms cleared, farmers freed from mandis
Union Cabinet on Wednesday cleared three ordinances aimed at lifting restrictions on key commodities such as cereals, pulses, onion and potato, and giving farmers freedom to sell their produce directly or through e-trading platforms to entities of their choice instead of being confined to state mandis.
Some experts said that the country got Independence in 1947 but farmers are going to get freedom after the promulgation of this ordinance”.
Essential Commodities Act of 1955 is being amended after 64 years. The Essential Commodities Act was enacted at a time of food scarcity in the country, and allowed the government to notify a commodity as “essential” under section 2(A), take control of its production, supply and distribution, and impose a stock limit. more
Union Cabinet on Wednesday cleared three ordinances aimed at lifting restrictions on key commodities such as cereals, pulses, onion and potato, and giving farmers freedom to sell their produce directly or through e-trading platforms to entities of their choice instead of being confined to state mandis.
Some experts said that the country got Independence in 1947 but farmers are going to get freedom after the promulgation of this ordinance”.
Essential Commodities Act of 1955 is being amended after 64 years. The Essential Commodities Act was enacted at a time of food scarcity in the country, and allowed the government to notify a commodity as “essential” under section 2(A), take control of its production, supply and distribution, and impose a stock limit. more
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Sarma Sir, Under Selected Sensitive Commodities (SSC), new-revision is the need of the hour. Owing to these troubled times of Covid-19's fast-rising with daily new patients & fatalities, I wish inclusion of all 'underground-cultivated' eatables such as 'yellowish Potatoes', 'Pinkish Onions', White-skin Onions, Orange-Carrots, dark-violet-beetroots, dark-brownish-elephant-roots (Telugu: Kanda to cook kanda-paste) and Colocasia-roots (Telugu: chemadumpalu) to be classified under the SSCs. All surface-soil-grown lighter eatables need to be prohibited. more
Jun 05
When you refer to Essential Commodities(ES) , an important classification of these is known as the Selected Sensitive Commodities (SSC) as per the Commercial Banks and RBI (Reserve Bank of India). See the annexed List of SSC in the attachment herewith. For all the SSC, a steady flow of Bank credit & Governments ( Central as well as Regional) Credit Facilities exist . Also, there is what is called the 'BSR 3 – Return' on Advances from Commercial Banks against the Security of SSC . The RBI consolidates all-India Advances in this regard periodically . BSR stands for 'Basic Statistical Return' in banking parlance . For real-time statistical outputs on ES & SSC, one can visit the Websites . more
Jun 04
SSC shall work for Controling Stacking of SSCs by both Cultivators as well as Agents, Middlemen . THIS MUST CONTINUE FOR THE BENEFIT OF PEOPLE/ CONSUMERS AS WELL AS THE COUNTRY . more
Jun 04
LIFE IS now given to Articles 37,38,39,41, 47 and 48 Read With Life Article 21 . Hats Off to NDA. 45, 46,43 , 44 , ARE TO BE TAKEN UP IN NEXT STEP. The issue of Limiting IT Exemption to Agricultural Income TO ONLY THOSE SMALL AND MEDIUM AGRICULTURAL LAND HOLDERS MUST BE TAKEN UP BY END OF 2020 Please more
Jun 04
Atmanirbhar Stimulus Package of 20.72 lac Crores RBI Credit Finance Easements best serve the whole Concept of People and National ECONOMY . more
Jun 04
