India: Government to start portal to monitor pulses stock from April 15

Published 2024년 4월 13일

Tridge summary

The Indian government, in an effort to ensure transparency and prevent hoarding in the pulse market, is launching an online portal on April 15 to monitor pulse stock availability, as announced by Nidhi Khare, Secretary of the Department of Consumer Affairs. This initiative comes after discussions with pulse industry stakeholders and aims to address import issues and streamline trade, notably through the Rupee Kyat Settlement Mechanism with Myanmar. Additionally, the government has called on states and union territories to mandate weekly stock disclosures by stockholders, aiming to maintain vigilance over stock positions and price trends of pulses to stabilize the market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi [India], April 13 (ANI): The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. Secretary of the Department of Consumer Affairs, Nidhi Khare, conducted a series of meetings with stakeholders in the pulse industry to review the availability of pulses and discuss import-related issues. During the meeting, discussion was also held on inputs from market intelligence sources regarding the stock position held by various market players. The government ensures that strict action will be taken against the forward trading of pulses. This states that during the meeting issues regarding pulses imports from Myanmar were also discussed. The Indian Mission informed about the operationalization of the Rupee Kyat Settlement Mechanism, which aims to streamline trade transactions and enhance efficiency. Under this mechanism, traders are encouraged to utilize the Rupee/Kyat direct payment system through the Special Rupee Vostro ...

Source: Theprint