A new bill passed by the parliament to removed cereal, pulses, and edible oil from the essentials commodity act, helping private investors with an opportunity.
As per the new policy, passed by the Parliament,
Cereal, pulses, and oil-seeds are removed from the essentials commodity act.
This initiative was recently taken, as private sectors were constrained to participate in some of the areas due to policy hindrance. The removal of policy will allow the private sectors to intervene and take the commodity sector on higher scales.
The policy also had a clause that the government can restrict the rights in tough times like riots, drought, famine, etc.