DAILY NEWS ANALYSIS
16 August, 2022
8 Min Read
The Essential Commodities Act of 1955 has recently been used by the Ministry of Consumer Affairs, Food, and Public Distribution to stop the rise in tur dal prices.
States and Union Territories are required to give weekly instructions to "stockholder entities to submit the data of the stocks held by them" to a Department of Consumer Affairs online monitoring portal.
Why Invoking the Act?
What is the Essential Commodities Act 1955?
Essential good or service:
Issues Related to Essential Commodities Act 1955
When India's production of food grains was insufficient, the ECA 1955 was introduced. However, given that India already has a surplus of the majority of agricultural goods, the government's decision to revise the ECA 1955 is crucial for both achieving its goal of doubling farmers' income and for improving the ease of doing business.
Also, Read - India - UK Relations
Source: The Hindu
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