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  • Sun. Dec 22nd, 2024

Govt likely to bring in ordinance to amend Essential Commodities Act

Govt likely to bring in ordinance to amend Essential Commodities Act

NEW DELHI: The

Centre

will amend the Essential Commodities Act to provide for notifying stock limits for a retailer or wholesaler only if retail prices increase abnormally—by 100% in case of perishable items like onion, potato and tomato and 50% in the case of non-perishable essential commodities.

The government will shortly bring in an ordinance to effect changes in the Act, sources said.

The EC Act is used by the government to put a cap on prices and specify stock limit for essential items. The gove

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