STOCK MARKET BSE NSE

Government Fixes Ceiling for Traders' Onion Stocks

Published: 05th March 2016 05:02 AM  |   Last Updated: 05th March 2016 05:02 AM   |  A+A-

HYDERABAD: Illegal hoarding of onions in  large quantities will attract the provisions of the Code of Criminal Procedure, 1973 (Central Act 2 of 1974).

In order to make available onion and controlling its prices, the state government on Friday came out with ‘Telangana Onion Dealers (Licensing, Storage and Regulation) Order, 2016 and it  came into force immediately.

As per the order, in Category-A cities, where population is more than 10 lakh,  traders should not stock not more than 75 quintals of onion. In Category-B areas, all urban areas, the maximum stocking quantity allowed is 40 quintals and in Category-C areas, all rural areas, the maximum hoarding of onion by a single trader can be 30 quintals.  Wholesale and retail traders have to apply for licences. The licence fee for  wholesale trade is Rs 500, retail trade Rs 200 and for both wholesale and retail trade it is Rs 700.

To ensure that onions are available on the market and to have a salutary effect on the availability and prices of onions, no licensee shall, either by himself or by an person on his behalf, store the commodities in excess of the quantities specified in the order.

Place Stock Limit

Category-A 75 Quintals

Category-B 40 Quintals

Category-C 30 Quintals

Stay up to date on all the latest Telangana news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp