Essential Commodities Act 1955 Current Affairs, GK & News
Government of India have released a notification banning the export of all varieties of onions. The ban has been imposed three months after the central government made changes in the Essential Commodities Act, 1955. Why exports have been banned? There could be two major reasons for imposing this ban- The wholesale price of the onion ..
Category: Economy & Banking Current Affairs - 2022
Union Minister of Agriculture & Farmers’ Welfare, Rural Development & Panchayati Raj, Shri Narendra Singh Tomar introduced – The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020 and the Minister of State for Consumer Affairs, Food & Public Distribution, Shri Raosaheb Patil Danve introduced The Essential Commodities (Amendment) Bill, 2020 ..
The Government of Maharashtra has decided to set up a panel in order to fix the reasonable rates for the purchase of masks and sanitizers. The panel will take stock of the demand and supply situation in the state and also consider the cost of production before deciding on a fixed rate for these items. ..
Month: Current Affairs - July, 2020
Category: States Current Affairs
The government has declared face masks and hand sanitizers as essential commodities under the Essential Commodities Act to prevent profiteering from the demand created by COVID-19 pandemic. About the Act The Essential Commodities Act was passed in 1955 to control the ‘production, supply and distribution of, and trade and commerce, in certain commodities’ in the ..
The Governing Council of the NITI Aayog chaired by Prime Minister Narendra Modi will look at the proposal of the NITI Aayog to reform the food laws. Proposals at the Table NITI Aayog has recommended the scrapping of the Essential Commodities Act, 1955 framed during the era of food scarcity since it has become an ..
Prime Minister had set a goal of doubling the farmer’s income by 2022 in 2015. This required an income growth of 10.4 per cent per annum. But the farmer’s income growth in the last three years was around 3.5 per cent. To accomplish the agenda of doubling the farmer’s income it now requires increasing the ..