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 ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
Indian Polity And Governance
- 1 Annulment of Article 370 and Article 35 (A)
- 2 Finance Commission of India
- 3 Delimitation Commission
- 4 Minority Educational Institutions
- 5 Article 164 (4) of the Indian Constitution
- 6 Basic Structure of the Constitution
- 7 Sixth Schedule of the Constitution
- 8 Article 102(1) and 191(1) of the Constitution
- 9 Article 20: Protection in Case of Conviction for Offences
- 10 Article 12: Definition of State
