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Prof K Nageshwar: Masks,sanitizers off the essentials act (Video)

         ,   ,    ||Masks,sanitizers off the essentials act

India had listed face masks and hand sanitizers as 'essential commodities' on March 14 when there was a crisis owing to people panic-buying and supply running out. However, those items have now been removed from the Essential Commodity Act, according to Times of India report.

The Essential Commodities Act allowed the government to fix price and cap on stock of essential consumer items, The earlier notification was up until June 30, and the consumer affairs ministry has not extended the applicability of the law to these two items.

Officials told TOI that this has been done considering there is surplus supply of these items and the government has also allowed their exports.

 

Indians, however, were not convinced that this was reason enough for the items to be taken off the Essential Commodities, fearing that now prices would rise drastically, and hoarders would be able to buy out the entire supply and those in need will be left without them.

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Prof K Nageshwar: Masks,sanitizers off the essentials act (Video)

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Prof K Nageshwar: Masks,sanitizers off the essentials act (Video)
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, , ||Masks,sanitizers off the essentials act India had listed face masks and hand sanitizers as 'essential commodities' on March 14 when there was a crisis owing to people panic-buying and supply running out. However, those items have now been removed from the Essential Commodity Act, according to Times of India report. The Essential Commodities Act allowed the government to fix price and cap on stock of essential consumer items, The earlier notification was up until June 30, and the consumer affairs ministry has not extended the applicability of the law to these two items. Officials told TOI that this has been done considering there is surplus supply of these items and the government has also allowed their exports. Indians, however, were not convinced that this was reason enough for the items to be taken off the Essential Commodities, fearing that now prices would rise drastically, and hoarders would be able to buy out the entire supply and those in need will be left without them.

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