Policy

NAFED PEC STC MMTC to get reimbursement on pulses import

The Centre will reimburse Rs113 40 crore of losses on pulses imported between 2006-2011 by the Central PSUs
NAFED PEC STC MMTC to get reimbursement on pulses import

The Centre will reimburse Rs113.40 crore of losses on pulses imported between 2006-2011 by the Central PSUs, apart from losses incurred in the sale of pulses upto six months after the closure of the scheme. This will enable the Central PSUs to intensify trading activities to cool down prices. The decision was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi today after receiving a proposal from the Ministry of Consumer Affairs, Food & Public Distribution.

The PSUs, National Agricultural Cooperative Marketing Federation (NAFED), Project and Equipment Corporation (PEC), State Trading Corporation (STC) and Metals and Minerals Trading Corporation (MMTC) will be the beneficiaries of the fund.

Again, in order to ensure retail distribution to the consumers, it was decided to import 5,000 tonnes of Tur Dal and 5,000 tonnes of Urad Dal by MMTC. The first consignment of imported pulses would be reaching Mumbai by 5.9.2015.

The Government has taken several measures to increase availability and control the price of essential commodities, especially pulses and onions. States have been empowered to impose stock limits on pulses, export of all pulses is banned except Kabuli Chana, organic pulses and Lintels to the tune of 10,000 MTs. Besides, there is zero duty on import of pulses.  

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