The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the inclusion of onion and potato under the purview of stock holding limits under the Essential Commodities Act, 1955.
Briefing journalists after the CCEA meeting, Law and Justice and Telecom Minister Ravi Shankar Prasad said State governments will decide on the stock limit for onion and potato based on local conditions. The notification will be issued on Thursday and will remain in force for a year. The government on Wednesday hiked the minimum export price of onion to $500 per tonne.