• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
JournalsOfIndia
No Result
View All Result
Home Law & Policy

Amendment to Essential Commodities Act

June 24, 2020
in Law & Policy
Reading Time: 2min read
0
32
VIEWS
Share on TelegramShare on Facebook

The Essential Commodities Act was enacted in 1955 when the country faced shortages of food items. This legislation allowed the government to declare several items as essential commodities, and thus regulating their production, supply and distribution. The last economic survey had made a case for removal of this law as this had done more harm now, when the country has surplus food items. This legislation has been misused and often resulted in increase of prices.

Amendments to the Act

The Union Cabinet approved 2 ordinances:

The Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance, 2020 enables farmers’ engagement with large processors, aggregators, wholesalers, large retailers and exporters.

  • While India has become surplus in most agricultural commodities, farmers have been unable to get better prices due to lack of investment in cold storage, processing and export as the entrepreneurial spirit gets dampened due to the hanging sword of Essential Commodities Act.
  • Farmers suffer huge losses when there are bumper harvests of perishable commodities. With adequate processing facilities, much of this wastage can be reduced.
  • The amendments will allow storage of the farm produce for a longer period, and in turn help the agro industry and the farmers.
  • The Farming Produce Trade and Commerce (Promotion and Facilitation) Ordinance, 2020 promotes barrier-free inter-state and intra-state trade and commerce outside the physical premises of markets notified under State Agricultural Produce Marketing legislations.
  • The ordinance will help farmers of regions with surplus produce to get better prices and consumers of regions with shortages, lower prices.
  • The cabinet also cleared an amendment to the Essential Commodities Act, to remove commodities such as cereals, pulses, oilseeds, edible oil, onion and potatoes from the list of essential commodities. This will lift any restrictions on stocking these commodities by processors, millers, importers, exporters and traders.
  • The freedom to produce, hold, move, distribute and supply will lead to harnessing economies of scale and attract private sector/foreign direct investment into the agriculture sector. It will help drive up investment and modernisation of the food supply chain.
  • Farmers will also get access to technology and advice for high value agriculture and get a ready market for such produce.

[continuation of https://www.manifestias.com/2019/09/09/contract-farming-exempted-from-limits-under-the-essential-commodities-act/]

Source: The Week, Live Mint

 

 

Tags: Prelims

Related Posts

Bodoland Territorial Region (BTR) agreement

Bodoland Territorial Region (BTR) agreement

January 25, 2021
Pradhan Mantri Rashtriya Bal Puraskar

Pradhan Mantri Rashtriya Bal Puraskar

January 25, 2021
Section 29 of the POCSO Act

Section 29 of the POCSO Act

January 25, 2021
Data Governance Quality Index

Data Governance Quality Index

January 23, 2021
Rapid Assessment System

Rapid Assessment System

January 23, 2021
Draft Personal Data Protection Bill, 2019

Draft Personal Data Protection Bill, 2019

January 22, 2021
Guidelines for Digital Media Regulation

Guidelines for Digital Media Regulation

January 22, 2021
Food Fortification Scheme

Food Fortification Scheme

January 22, 2021
Amended Technology Upgradation Fund Scheme (ATUFS)

Amended Technology Upgradation Fund Scheme (ATUFS)

January 22, 2021
North East Reorganisation Act ,1971

North East Reorganisation Act ,1971

January 22, 2021
Please login to join discussion
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Big Picture Down to Earth GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Spotlight on AIR Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In