market watch draconian essential commodities act undergoes amendment introduction the essential commodities act eca 1955 was enacted with an objective to control the production supply and distribution of and trade ...
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...Market watch draconian essential commodities act undergoes amendment introduction the eca was enacted with an objective to control production supply and distribution of trade commerce in certain goods such as vegetables pulses edible oils sugar etc which are treated purported aim this is ensure affordability for poor by restricting hoarding it overarching legislation regulating agricultural marketing there no exhaustive list what all section a provides that commodity specified under schedule major grouped pharmaceutical drugs fertilizers foodstuffs including oil seeds vanaspati sugarcane rice paddy hank yarn made wholly from cotton petroleum products raw jute textile onion potato food crops fruits seed empowers central government interest public add or remove any consultation state governments powers implement provisions delegated states when price these rises regulator can impose stockholding limits on restrict movement mandate compulsory purchases system levy consequently wholesalers...