Government cancels 5,371 licences of fertiliser firms for malpractices during Apr.-Nov., says Nadda
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims + Mains·
Why in news
Union Minister Jagat Prakash Nadda announced the cancellation of 5,371 fertiliser firm licences due to black marketing, hoarding, and distribution of substandard material.
Background
The government cancelled 5,371 licences under the Essential Commodities Act of 1955 and the Fertiliser Control Order. Actions included issuing show-cause notices and FIRs to curb overpricing and diversion of stock.
Facts for Prelims
- Act / BillEssential Commodities Act of 1955: Used to regulate and prevent hoarding/black marketing of fertiliser.
- BodyIntegrated Fertiliser Monitoring System: A government system used to ensure timely fertiliser supply to states.
- Fact5,371: Number of fertiliser firm licences cancelled for malpractices between April and November.
For Mains
Q. Discuss the regulatory framework for fertiliser distribution in India and the role of the Essential Commodities Act in ensuring food security and price stability.
Dimensions to cover in your answer
- Regulatory oversight: Addressing the gap between licensing and real-time monitoring of stock diversion
- Market distortion: Impact of hoarding and black marketing on rural input costs and agricultural productivity
Keywords: Essential Commodities Act · Black marketing · Fertiliser Control Order · Market distortion · Regulatory compliance
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.