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Essential Commodities Act
By: Harveer Singh
twitter.com/iastoss
+91-880-2009-420
This PPT is for educational purpose only. The learner is expected to supplement the video lecture
with this ppt. The content is taken from various daily and weekly publications. Due care has been
taken in preparing the material but the tutor or superprofs would not be responsible for any error
or consequences arising out of it.
1
• To ensure the availability of any commodity at
fair price govt can declare it essential
commodity.
• Government can control the production,
supply, and distribution of these commodities
for maintaining or increasing supplies and
securing their equitable distribution.
2
• 7 Categories (1) Drugs; (2) Fertilizer, inorganic,
organic or mixed; (3) Foodstuffs, including
edible oilseeds and oils; (4) Hank yarn made
wholly from cotton; (5) Petroleum and
petroleum products; (6) Raw jute and jute
textile; (7) (i) seeds of food-crops and seeds of
fruits and vegetables; (ii) seeds of cattle
fodder; and (iii) jute seeds, cotton seeds
3
• State/UT imposes stock or turnover limits for
various commodities.
• Parliament's estimates committee asked the
government to come out with a new
legislation for controlling the retail prices of
essential commodities such as rice, wheat,
pulses, edible oils, sugar, milk and vegetables
means this act is not that effective.
4
Thank You.
• For any
feedback/query/word of
thanks, the Tutor can be
contacted at
harveersinh@gmail.com
5

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Lecture # 54 essential commodities act

  • 1. Essential Commodities Act By: Harveer Singh twitter.com/iastoss +91-880-2009-420 This PPT is for educational purpose only. The learner is expected to supplement the video lecture with this ppt. The content is taken from various daily and weekly publications. Due care has been taken in preparing the material but the tutor or superprofs would not be responsible for any error or consequences arising out of it. 1
  • 2. • To ensure the availability of any commodity at fair price govt can declare it essential commodity. • Government can control the production, supply, and distribution of these commodities for maintaining or increasing supplies and securing their equitable distribution. 2
  • 3. • 7 Categories (1) Drugs; (2) Fertilizer, inorganic, organic or mixed; (3) Foodstuffs, including edible oilseeds and oils; (4) Hank yarn made wholly from cotton; (5) Petroleum and petroleum products; (6) Raw jute and jute textile; (7) (i) seeds of food-crops and seeds of fruits and vegetables; (ii) seeds of cattle fodder; and (iii) jute seeds, cotton seeds 3
  • 4. • State/UT imposes stock or turnover limits for various commodities. • Parliament's estimates committee asked the government to come out with a new legislation for controlling the retail prices of essential commodities such as rice, wheat, pulses, edible oils, sugar, milk and vegetables means this act is not that effective. 4
  • 5. Thank You. • For any feedback/query/word of thanks, the Tutor can be contacted at harveersinh@gmail.com 5