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Essential Commodities (Amendment) Act, 2020.

Country/Territory
India
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act further to amend the Essential Commodities Act, 1955.
Subject
Livestock, Food & nutrition, Cultivated plants
Keyword
Agricultural commodities Consumer protection Internal trade Animal feed/feedstuffs International trade
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Essential Commodities (Amendment) Act, 2020 shall be deemed to have come into force on the 5th day of June, 2020.
Abstract

This Act is enacted to amend the Essential Commodities Act, 1955. The Act amends Section 3 concerning powers granted to the Central Government to control production, supply, distribution, etc., of essential commodities. The amendments include: in section 3 of the Essential Commodities Act, 1955, after sub-section (1), the sub-section shall be inserted, namely:(1A) Notwithstanding anything contained in sub-section (1),— (a) the supply of such foodstuffs, including cereals, pulses, potato, onions, edible oilseeds and oils, as the Central Government may, by notification in the Official Gazette, specify, may be regulated only under extraordinary circumstances which may include war, famine, extraordinary price rise and natural calamity of grave nature;(b) any action on imposing stock limit shall be based on price rise and an order for regulating stock limit of any agricultural produce may be issued under this Act only if there is: (i) hundred per cent. increase in the retail price of horticultural produce; or (ii) fifty per cent. increase in the retail price of non-perishable agricultural foodstuffs, over the price prevailing immediately preceding twelve months, or average retail price of last five years, whichever is lower.

Full text
English
Website
consumeraffairs.nic.in

References - Legislation

Amends

Essential Commodities Act (Act No. 10 of 1955).

Legislation | India | 1955 (1986)

Keyword: Agricultural commodities, Consumer protection, Internal trade, Animal feed/feedstuffs, International trade

Source: FAO, FAOLEX