Here’s how the prices of pulses would reduce!

Q.  Which of the following are steps taken by government to check prices of pulses?

1) Zero import duty for importing pulses
2) Banning export of pulses
3) Decrease MSP of Pulses
4) Release pulses from buffer stock
- Published on 01 Dec 16

a. 1, 2, 4
b. 2, 3, 4
c. 1, 3
d. All of the above

ANSWER: 1, 2, 4
 
Here’s how the prices of pulses would reduce!Steps taken by the Government to reduce the prices of pulses are given below:
  • Export of all pulses is banned except kabuli channa and up to 10,000 MTs in organic pulses and lentils.
  • Import of pulses is allowed at zero import duty
  • MSP raised for kharif pulses as well as for Rabi pulses
  • Government has approved creation of buffer stock of pulses for effective market intervention.
  • Government has released pulses from the buffer stock to States/UTs at subsidized rates for retailing by them at not more than Rs 120/- per kg to improve availability and stabilize prices.
  • Securities & Exchange Board of India (SEBI) has banned new contracts in Chana to dampen speculative activities in Chana.
  • Setting up of a Group of Officers for regular monitoring and exchange of information on hoarding, cartelization etc.

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