Government extends relaxation in sugar stock limits by 6 months
19 Jun 2009
The government has expended the validity of the notification lifting stock limits on sugar for a further six months, from 9 July 2009 to 8 January 2010.
"The cabinet at its meeting held today decided to extend the validity of Central Notification dated 9 March 2009 issued in respect of sugar for a further period of six months, ie, from 9 March 2009 to 8 January 2010 by keeping in abeyance some provisions of the central order dated 15 February 2002 and 16 June 2003," a government press release said.
The relaxation in stock limits and the movement of sugar has been made to help tackle the problem of rising prices of sugar and also improve the availability of sugar.
This would facilitate action by the Central and State Governments to undertake de-hoarding operations and to control prices of sugar.
The cabinet at its meeting on 30 March 2009 also decided to remove wheat from the list of commodities on which orders relating to fixation of stock holding limits have been imposed by keeping in abeyance provisions of the central order dated 15 February2002.
It also extended the validity of another notification dated 29 August 2006 in respect of pulses and paddy from 30 April 2009 to 30 September 2009. In respect of edible oils, edible oilseeds and rice the validity of the relaxation has been extended from 6 April 2009 to 30 September 2009.
Earlier, the cabinet at its meeting dated 23 February 2009, decided to impose similar restrictions in respect of sugar for a period of four months by keeping in abeyance some provisions of the central order dated 15 February 2002 and 16 June 2003 and to impose stock holding limits and turnover limits on sugar.
It also has authorized state governments to fix higher limits if they so desired.