Indian Government Has Taken These Steps To Control Rising Tur Dal Prices

The cost of pulses, particularly tur dal, have been a major concern in India in recent months. To deal with the issue of the rising cost of essential pulses including tur dal, the Indian government has taken several measures. In this article, we will discuss the steps that will provide some relief to people from high tur prices so that the prices don’t weigh heavy on their pockets.

Monitoring Stock And Cracking Down Hoarders

To keep track of the tur stock held by various organisations, including importers, millers, stockists, traders, and others, the Indian government recently established a committee. To ensure stock transparency, the committee will be led by Additional Secretary Nidhi Khare and would collaborate closely with state governments. To manage pulses prices in the upcoming months, the government plans to deal with hoarders and dishonest speculators eyeing the market.

The move by the government to form a committee to monitor the stock of tur comes in response to reports of market players not releasing the tur stock despite regular arrivals of imports in good quantities. In the upcoming months, the government hopes to deal with hoarders and dishonest speculators on the market and keep tur prices in check. In addition to that, the committee has also requested state and UT governments to increase the number of registered organizations in the stock declaration portal through various sources, including FSSAI licenses, information from warehouse service providers, APMC registered traders, GST registered traders, etc.

Apart from tur, the government is also keeping a close eye on the stock position of other pulses in the domestic market to take necessary preemptive measures in the event of an exceptional price rise in the future.

Tur Imports Duty Removal

To facilitate smooth imports, the government has discontinued the 10% duty applicable on tur imports from non-LDC (least developed countries) countries. Even zero-duty imports from LDCs face procedural obstacles. The government’s move is expected to improve the supply of tur in the domestic market and curb the prices from rising further.

Insight 

The formation of the committee and the removal of the duty on tur imports from non-LDC countries, both are steps taken by the government in the right direction. These measures will help to keep essential commodities prices under control and to ensure that the market remains competitive and transparent. The government’s efforts aimed at benefiting the consumers by providing them with adequate supply and fair prices for tur and other pulses in the coming months.

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