1992 batch IAS officer of Jharkhand cadre, Ms. Nidhi Khare, who is the Secretary of the Department of Consumer Affairs, said during discussions with representatives from the pulses industry ahead of the implementation of online stock monitoring starting April 15, 2024, that strict actions will be taken against individuals engaged in forward trading of pulses, in accordance with the Essential Commodities Act.
The industry’s feedback and market intelligence regarding stock levels among different market participants have been compiled for additional scrutiny.
She also discussed with the Indian Mission in Yangon on issues relating to pulses imports from Myanmar such as import prices in the wake of the revised exchange rates and stocks held by importers in Myanmar.
The importers and other industry players like millers, stockists, retailers etc have been asked to honestly declare their stock of pulses, including imported Yellow Peas, on a weekly basis on the portal https://fcainfoweb.nic.in/psp/ from 15th April, 2024.
The States and UTs have also been asked to enforce weekly stock disclosure by all stockholding entities and verify the stocks declared by them. Stocks in warehouses located in major ports and in pulses industry hubs should be verified from time to time and strict action should be taken on stockholding entities found to be reporting false information on stock disclosure portal.
