Pulse Prices to Slump After Diwali: FM

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New Delhi: he prices of pulses are expected to go down after the festival Diwali next month; this was stated by the representatives of pulse and grain importers associations, who met Union Finance Minister Arun Jaitley in New Delhi on Friday.

n a statement the importers said that they will make available 1 lakh kilograms of Tur Dal to government every day at a cost of Rs 135 per kilogram.

The Government has taken several initiatives to arrest the spiraling prices of pulses including providing sale of pulses at Kendriya Bhandars and Safal stores at Rs 120 per kg, large scale raids countrywide on hoarders which yielded 36000 metric tonnes of pulses.

All these efforts have started showing results and prices have started coming down gradually. Impact of govt’s efforts to contain pulses price continue. Raids are being conducted across godowns hoarding pulses in order to regulate prices that have hit the roof.

Pulses worth around Rs 125 crore, which were hoarded in various godowns in Thane, have been seized by the Thane Police and Supplies department.

In a joint raid conducted at five godowns in Sri-Raigad locality on Wednesday, huge stocks of pulses including tur, white vatana, urad, and masoor were seized and as per preliminary investigation, the stocks are worth nearly Rs 125 crore.

According to Thane police the process of sealing the godowns and arrest of the owners is in progress.

The teams seized goods worth Rs 7.75 crore from Chamunda Warehouse, Rs 45.20 crore from Laxmi Warehouse and stocks worth Rs 40.94 crore from Trimurti Godown. Goods worth Rs 25.04 crore were confiscated from RP Warehouse and of Rs 3.55 crore from SD Warehouse.

Offences under relevant sections of Essential Commodities Act have been registered against the godown owners. Prices have shot up due to fall in output by two million tonnes in 2014-15 on deficient and untimely rain.

Meanwhile the Cabinet Secretary has been holding daily meetings to monitor prices of pulses.

On Wednesday, disclosing that more than 36000 MT pulses had been seized across the country, Finance Minister Arun Jaitley sent out a tough message to hoarders saying that the government crackdown will continue and penal action will follow.

The biggest recovery was from Maharashtra where 276 raids were conducted and the amount seized was 23,340 tonnes. In Delhi, ‘tur’ dal is being sold at Rs. 120/Kg through outlets of ‘Safal’ and ‘Kendriya Bhandars’. Arhar is being sold at Rs 120.

On Monday the govt had announced its decision to procure 2000 tons of tur dal and 1000 tons of urad.
Another 10,000 tons of urad and 30,000 tons of tur will be bought directly from farmers. The centre had earlier planned a buffer stock of 40,000 tons. A limit has also been fixed for pulses in departmental and retail stores.

In short the union govt is working hard to deal with the problem caused by shooting dal prices to ensure that the common man has an easier time.

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