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25Jun 2024

GOVERNMENT IMPOSES WHEAT STOCK LIMITS TO CURB HOARDING

Why in the news? Amid concerns about a potential wheat shortage, the Indian government has invoked the Essential Commodities Act. The government aims to prevent hoarding by setting maximum stock limits under the Stock Limit Order, effective June 24 until March 31, 2025. Key Restrictions Imposed: Traders and wholesalers can hold up to 3,000 tonnes …

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