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Essential Commodities List 2020 PDF
- Name: Essential Commodities List
- Format: PDF
- Size: 0.29 MB
- Pages: 2
- Language: English
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In this article, we’ll provide you Essential Commodities List 2020 PDF in English Format, available to download from the official website at consumeraffairs.nic.in or download using the direct link below.
Essential Commodities List 2020
The critical Commodities (Amendment) Bill, 2020 moves from the Rajya Sabha that’s directed at deregulating commodities including cereals, pulses, oilseeds, edible oils, jojoba, and berries.
After the changed bill, the source of particular foodstuffs — including cereals, pulses, oilseeds, olive oils, and potato — may be controlled only under extraordinary conditions, which include an extraordinary price rise, war, famine, and natural calamity of a serious nature.
The freedom to produce, maintain, move, disperse and supply will result in exploiting markets of scale and also bring private sector/foreign direct investment to the agriculture sector. It helps drive up investment in cold climates and modernization of the food distribution chain.
Essential Commodities (Amendment Bill) Listing, 2020
The Ministry of Consumer Affairs, Food, and Public Distribution, that implements the Act, the Program presently contains seven commodities — fertilizers, drugs, whether organic, inorganic or blended, foodstuffs such as olive oils, hank yarn made wholly from cotton, petroleum, and oil products, raw jute and jute textiles, seeds of food-crops and seeds of fruits and vegetables, seeds of cattle fodder, jute seed, cottonseed.
The Act gives powers to the central authorities to add or eliminate a product in the Program. The Centre, if it is satisfied it is essential to do this in the public interest, may notify an item as essential, in consultation with state governments.
By declaring a commodity as essential, the authorities can control the production, supply, and supply of that commodity, and impose a stock limitation.
Download the PDF of all Essential Commodities List using the link below, take a printout, fill out the form, attach and apply to the bank division.
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