Government to start portal to monitor pulses stock from April 15

The government is going to start an online portal from April 15 to monitor the availability of the stock of pulses. According to Ministry of Consumer Affairs, Food and Public Distribution, the importers and traders of pulses have been instructed to accurately declare their stocks of pulses, including imported Yellow Peas, every week. Under this mechanism, traders are encouraged to utilize the Rupee/Kyat direct payment system through the Special Rupee Vostro Account via Punjab National Bank, thereby reducing costs associated with currency conversions and eliminating complexities related to exchange rates. Earlier on Thursday also the States and UTs were apprised of the need for increased vigilance over the stock position and price trends in respect of pulses to prevent hoarding and market manipulation.