India says to provide subsidy of Rs 250 million rupees to contain prices of pulses 

India said it would subsidise select pulses for distribution by states at a retail price of not more than 120 rupee per kilogram, a day after it decided to release 10,000 tons of tur and urad from the buffer stock in its attempt to hold rising prices.

For this, unmilled tur dal is being allocated at 66 rupees per kg and unmilled urad dal at 82 rupees per kg to the States, providing a subsidy of 27 rupees per kg for tur dal and 14 rupees per kg for urad dal, a government statement said, adding that this would entail a subsidy of close to 250 million rupees for 8,000 tonnes of tur and 2,000 tonnes of urad being allocated to the States.

The statement said the government has requested the states to avail this benefit and utilise the available stocks for managing the prices of pulses. State food authorites have been requested to project their demand immediately to ensure timely allocation from the buffer stock. They have also been asked to keep a close watch on the prices and to take stringent action against hoarding of the commodity. The center has already empowered the States to impose stock limits on the pulses to ensure easy availability.

Government agencies had bought about 50,000 tonnes of pulses from the farmers during the 2015-16 kharif marketing season, and imported 25,000 tonnes The government is also initiating procurement of rabi pulses and has targeted to procure around 100,000 tonnes of chana and masur to further build the buffer.

 

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