To take your ideas to Policymakers, Join the Campaign of #PolicyPulse Write to feedback@policypulse.com

States may impose sugar stock limits: Centre

Decision will give power state and central agencies to impose stock limits

Policy Pulse
Publish Date: Apr 28 2016 2:46PM | Updated Date: Apr 28 2016 2:46PM

States may impose sugar stock limits: Centre

 States may now enforce sugar stock limits as the Centre gave its approval to bring sugar under the purview of imposing stock holding limits on dealers of sugar.

The move is aimed at controlling the spiralling prices of sugar.
 
"The government has noticed that in spite of sufficient availability of sugar stocks with the sugar mills, the wholesale and retail prices have shown a spurt," an official statement said.
 
"In order to check the inflationary tendencies in sugar and to reduce hoarding by wholesalers and retailers, the government felt an immediate need to bring sugar within the purview of stock limits," it added.
 
Decision will give power state and central agencies to impose stock limits and regulate supply, storage, distribution, and trade of sugar to bring down sugar prices by curbing unscrupulous trading.