3 Million metric tonnes pulses declared by stock-holders in India

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At least 11,635 stockholders have declared holdings of 30,97,694.42 metric tonnes (MT) of pulses on the official portal of Department of Consumer Affairs as on September 20, an official statement said on Thursday.

The Department, under the Consumer Affairs, Food and Public Distribution Ministry, is monitoring the retail and wholesale prices of 22 essential food commodities, through various effective policy measures such as curbing black marketing, increasing availability by restricting export and encouraging imports, building buffer stocks, and ensuring timely release to ease abnormal price escalations, the Ministry statement said.

In this connection, it was essential to tap the data of pulses available in the open market, it said, adding that with Minister Piyush Goyal’s approval, the department set up a portal to encourage various stockholders like stockists, millers, importers, and dealers to enter the stocks, and variety of pulses, they are holding on any given date.

Stockholders were also made responsible for regularly updating their data.

The declarations will help to create a data bank, which will enable the government to understand which are the states that produce and stock for milling purposes. It will also help to keep a check on undesirable practices of hoarding and artificial scarcity creation through stock declaration and real time verification of the same.

The portal – https://fcainfoweb.nic.in/psp – can also be accessed by any citizen.

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Arushi Sana
Arushi Sana is the Co-Founder of Santerra Living, a bio-pellet factory that makes a renewable form of eco-coal and Co-Founder of NYK Daily, a global news platform. She was awarded the Times Power Women of the Year 2022, Times Digital Entrepreneur of the Year 2023, Silicon India's Top 10 Women Owned Startups of Hyderabad 2023 and IHW Council Climate Health Influencer 2024. Arushi is also a speaker for Sustainability and Entrepreneurship at various forms like the World Bank, UN International Solar Alliance and Universities, and was also invited to the UN COP28 UAE Climate Conference. She is a Sustainability Consultant for organisations looking to reduce their carbon footprint and also works with brands on social media to help them carve a presence in that niche. She holds a Degree in Computer Science Engineering from VIT University and a Diploma in Marketing Analytics from IIM Nagpur. She has previously worked in Ernst & Young and Deloitte as a Forensic Data Analyst. Arushi is a writer, political researcher, a social worker, a farmer and a singer with an interest in languages. Travel and nature are the biggest spiritual getaways for her, and she aims to develop a global community of knowledge and journalism par excellence through this News Platform.

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