Essential Commodities List 2020

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Essential Commodities List 2020

The Essential Commodities (Amendment) Bill, 2020 passes by the Rajya Sabha which is aimed at deregulating commodities such as cereals, pulses, oilseeds, edible oils, onion, and potatoes.

After the amendment bill, the supply of certain foodstuffs — including cereals, pulses, oilseeds, edible oils, potato — can be regulated only under extraordinary circumstances, which include an extraordinary price rise, war, famine, and natural calamity of a severe nature.

The EC (Amendment) Bill 2020 aims to remove fears of private investors of excessive regulatory interference in their business operations. The freedom to produce, hold, move, distribute and supply will lead to harnessing of economies of scale and attract private sector/foreign direct investment into the agriculture sector. It will help drive up investment in cold storage and modernization of the food supply chain.

Essential Commodities (Amendment Bill) List, 2020

The Ministry of Consumer Affairs, Food, and Public Distribution, which implements the Act, the Schedule at present contains seven commodities — drugs, fertilizers, whether inorganic, organic or mixed, foodstuffs including edible oils, hank yarn made wholly from cotton, petroleum, and petroleum products, raw jute and jute textiles, seeds of food-crops and seeds of fruits and vegetables, seeds of cattle fodder, jute seed, cottonseed.

The Act gives powers to the central government to add or remove a commodity in the Schedule. The Centre, if it is satisfied that it is necessary to do so in the public interest, can notify an item as essential, in consultation with state governments.

By declaring a commodity as essential, the government can control the production, supply, and distribution of that commodity, and impose a stock limit.

You can download the Essential Commodities List 2020 in PDF format using the link given below.

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