To keep
the prices of pulses in check, finance minister can increase the price stabilization fund from Rs500 Cr to Rs900 Cr.
Last year
government had started this fund during the Budget and had allocated Rs500 Cr.
This year
the prices of Pulses had reached very high so government had decided to keep a
buffer stock to keep the prices in check. With this fund, Government has
already made an arrangement of buffer stock of 40000 tonnes of pulses.
Every
year in the country close to 235 lac tonnes of pulses is consumed and in house
production of India is only 173 lac tonnes, so rest of the quantity to be consumed
in India is imported.
Source: Markettimestv
