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Essential Commodities Act

  • IASbaba
  • March 14, 2020
  • 0
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Essential Commodities Act

Part of: GS Prelims and GS-II- Governance

In News:

  • Government puts masks and hand sanitisers under Essential Commodities Act.
  • ECA enacted by Parliament in 1955 provides for the regulation and control of production, distribution and pricing of commodities which are declared as essential.
  • Aim: Maintaining/increasing supplies/securing equitable distribution and availability of these commodities at fair prices.
  •  The Centre can include new commodities as and when the need arises, and can take them off the list once the situation improves (in view of public interest).
  • Once a notification is issued, anybody trading or dealing in a commodity, be it wholesalers, retailers or even importers are prevented from stockpiling it beyond a certain quantity
  • States are the implementing agencies to EC Act, 1955 

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