2020 Amendments to Essential Commodities Act, 1955

Name of the Organisation: Government of India

Year of Publication: 2020

Brief Description:

This Ordinance has inserted a sub-section 1a  in Essential Commodities Act 1955 saying that only in extraordinary circumstances like war, famine, natural calamity etc. can the government “regulate the supply of such foodstuffs, including cereals, pulses, potato, onions, edible oilseeds and oil”, and price caps will be triggered only when prices rise by 100% (for horticultural produce) and 50% for other non-perishable items.