Centre plans to increase supply of essential commodities under Bharat brand
The government retails flour and rice through three agencies - National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers Federation of India Limited (NCCF), and Kendriya Bhandar.
In an effort to stabilize prices in the country for the upcoming festival, the central government is planning to increase the supply of essential commodities under the Bharat brand. The government is aiming to augment supplies of flour, pulses, and rice in areas where the consumption rate is high.
Accessibility Across Retail Chains
According to the report, the products under the 'Bharat brand' will be available at co-operative stores as well as major retail chains. Further, states have been directed to implement vigilant monitoring measures to counter hoarding activities. If the price of any item increases in the coming time, the government will sell that item under the Bharat brand.
Apart from that, the government is also discussing the availability of edible oil and other essential commodities under the scheme.
The government retails flour and rice through three agencies - National Agricultural Cooperative Marketing Federation of India Limited (NAFED), National Cooperative Consumers Federation of India Limited (NCCF), and Kendriya Bhandar.
To regulate prices, the government initiated the retail sale of 'Bharat Atta' in November last year, followed by the sale of 'Bharat Rice' on February 6. Food Corporation of India (FCI) supplies grains to these agencies for retail purposes.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Gold and Silver rate today (May 14, 2024): Precious metals trade in green; yellow metal above Rs 72,000 once again, white metal near Rs 85,350
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
SIP Returns: How Rs 3,000, 5,000, and Rs 10,000 SIPs can help you build retirement corpus of Rs 1.06 cr, Rs 1.77 cr, and Rs 3.53 cr
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
08:54 PM IST