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Cabinet nod to increase pulses buffer stock

'Buffer stock will be built through domestic procurement and imports of 10 lakh tonnes each', statement says

Policy Pulse
Publish Date: Sep 12 2016 2:26PM | Updated Date: Sep 12 2016 2:38PM

Cabinet nod to increase pulses buffer stock

 Union Cabinet cleared a proposal to increase buffer stock of pulses up to 20 lakh tonnes.

 
Decision was taken at a meeting of the Cabinet Committee on Economic Affairs, which was chaired by the Prime Minister Narendra Modi.
 
"The Cabinet Committee on Economic Affairs has approved the proposal of Department of Consumer Affairs on enhancing the buffer stock for pulses up to 20 lakh tonnes.
 
"The buffer stock will be built through domestic procurement and imports of 10 lakh tonnes each," the official statement said. 
 
It said that particular variety of pulses, their respective quantities for the buffer stock and their obtaining will be decided based on price and availability position, both global and domestic.