Centre operationalises portal for online declaration of rice, paddy stock ...Middle East

Economy by : (Business Standard) -
The government has operationalised a portal for online declaration of paddy or rice stock by all entities including traders, retailers, wholesalers, processors and millers, a move aimed at preventing hoarding and to check prices. As per the November 6 order, all traders and wholesalers, retailers, large retail chains and processors and millers in all states and Union Territories must declare stocks under six categories -- Basmati rice, non-Basmati premium rice, non-Basmati rice, parboiled rice, broken rice and paddy. In a social media post on Saturday, the nodal food ministry said it has operationalised the food stock declaration portal for this purpose. As per the order, every unit holding stocks will have to update details on the Food Stock Portal (foodstock.dfpd.gov.in) every Friday. Units that are not registered on the portal or that violate stock limits will face action under Sections 6 and 7 of the Essential Commodities Act, 1955. To improve availability, the Centre is ...

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