Tiêu đề 13. STUDY OF ESSENTIAL COMMODITIES ACT RELEVANT TO DRUGS PRICE CONTROL ORDER.pdf ✅

PHARMD GURU Page 2  Recently, Parliament's estimates committee asked the government to come out expeditiously with a new legislation for controlling the retail prices of essential commodities such as rice, wheat, pulses, edible oils, sugar, milk and vegetables. OBJECTIVES:  The Essential Commodities Act, 1955 was enacted to ensure the easy availability of essential commodities to consumers and to protect them from exploitation by unscrupulous traders.  Under the Essential Commodities Act, the government has powers to declare a commodity as an essential commodity.  The essential commodities act gives powers to control production, supply, distribution, etc. of commodities for maintaining or increasing supplies and for securing their equitable distribution and availability at fair prices. ESSENTIAL COMMODITIES ACT, 1980: In order to prevent unethical trade practices like hoarding and black-marketing, etc. the Prevention of Black-marketing of Supplies of Essential Commodities, Act, 1980 is being implemented by the State Governments to detain persons whose activities are found to be prejudicial to the maintenance of supplies of commodities essential to the community. THE ESSENTIAL COMMODITIES ACT, 1955: An act to provide, in the interest of the general public, for the control of the production, supply and distribution of, and trade and commerce, in certain commodities. DEFINITIONS: 1. ESSENTIAL COMMODITY: An essential commodity is a generic term and has not been defined under the Act. 'Essential Commodity' means any of the following classes of commodities (List of essential commodities): 1) Cattle fodder, including oilcakes and other concentrates. 2) Coal including coke and other derivatives. 3) Component parts and accessories of automobiles.