1. Make pulses tax-free, Union govt urges states

Make pulses tax-free, Union govt urges states

The government on Saturday urged the states to exempt pulses from value added tax (VAT), mandi tax and various other local levies for bringing down their prices by 5% to 7%.

By: | New Delhi | Updated: May 22, 2016 8:37 AM
pulse price Union food minister Ram Vilas Paswan said prices of pulses have been rising because of increasing gap between demand and supply. (PTI)

The government on Saturday urged the states to exempt pulses from value added tax (VAT), mandi tax and various other local levies for bringing down their prices by 5% to 7%.

Union food minister Ram Vilas Paswan said prices of pulses have been rising because of increasing gap between demand and supply. He said the country’s annual pulses output has increased from 14 million tonne (MT) in 2006-7 to 17 MT in 2015-16 while consumption during the same period has increased sharply from 16 MT to 23 MT.

Paswan said many traders hoard pulses in the bordering areas of the state where stock limits are not imposed.

“There should be a logical and scientific formula for stock limits separately in consuming states and surplus states limits and also for millers, producers and importers so that supply chain mechanism remains smooth and pulses are available at reasonable prices,” Paswan said.

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