Need for modifications in the Essential Commodities (Amendment) Act, 2020

Information about the Issue

The Essential Commodities (Amendment) Act, 2020 was promulgated on June 5th 2020 (as an ordinance), along with two other Bills together constituting the three agricultural laws passed by the government. This law amended the existing Act by removing and deregulating commodities like potatoes, onions, edible oilseeds, cereals, pulses and oils from the list of essential commodities. As an outcome, their supply will now be regulated by the Central Government only under extraordinary circumstances and stock limits will be imposed only in case of 100% and 50% increase in rates of horticultural products and non-perishable agricultural products respectively. The subsequent Bill was cleared in the Rajya Sabha on 19the September, 2020 to become an Act.  (more…)