Govt likely to bring in ordinance to amend Essential Commodities Act

The Centre will amend the Essential Commodities Act to provide for notifying stock limits for a retailer or wholesaler only if retail prices increase abnormally—by 100% in case of perishable items like onion, potato and tomato and 50% in the case of non-perishable essential commodities. The govt will shortly bring in an ordinance to effect changes in the Act, sources said.

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