Essential Commodities Act (ECA)

Recently, the Essential Commodities Act, 1955 was amended via ordinance to deregulate key foodstuffs except under extraordinary circumstances.

Essential Commodities (Amendment) Act, 2020

  • Removes commodities like cereals, pulses, oilseeds, edible oils, onion and potatoes from the list of essential commodities.
  • The Act requires that imposition of any stock limit on agricultural produce must be based on price rise. A stock limit may be imposed only if there is: (i) a 100% increase in retail price of horticultural produce; and (ii) a 50% increase in the retail price of non-perishable agricultural food items.
  • Ensures that interests of consumers are safeguarded by regulating agricultural ....
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