Consumer Affairs Secretary Nidhi Khare reviews availability of pulses

-Payment mechanism for importing pulses from Myanmar simplified

-Inspection of stock of pulses taken, it is necessary to give stock information from 15th April

The government has geared up to control the rising prices of pulses during the election season. The Consumer Affairs Secretary held meetings with many parties regarding this. The stock and availability of pulses was reviewed in the meeting.

In a statement issued on Saturday, the Ministry of Consumer, Food and Public Distribution said that Consumer Affairs Secretary Nidhi Khare has held meetings with stakeholders of the pulses industry to ensure the availability of pulses. Nidhi Khare also held a meeting with the Indian Mission in Yangon on issues related to import of pulses from Myanmar.

According to the ministry, the Consumer Affairs Secretary, while interacting with the representatives of the pulses industry for conducting online stock monitoring from April 15, 2024, emphasized that any person found involved in futures trading of pulses will be required to comply with the necessary provisions. Will be dealt with strictly accordingly. According to the ministry, the payment mechanism for traders importing pulses from Myanmar has been made easier and simpler.

It is noteworthy that India is dependent on import of pulses to meet domestic needs. The country imports tur i.e. arhar and urad dal from Myanmar. The Indian Embassy has activated the Rupee/Kyat settlement mechanism from January 25, 2024 this year to simplify trade and transactions. The Central Bank of Myanmar has also issued guidelines for payment processes under the SRVA on January 26, 2024.