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Lecture # 54 essential commodities act
1. Essential Commodities Act
By: Harveer Singh
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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.
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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.
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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
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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.
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5. Thank You.
• For any
feedback/query/word of
thanks, the Tutor can be
contacted at
harveersinh@gmail.com
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