B.S. needs more restrictions on commodities

B.S. needs more restrictions on commodities

There is a difference in the way in which controls are being imposed on commodities in the country in order to deal with the imminent global crunch. The central government has not imposed restrictions on exports, unlike the previous episodes in 2011 or 2014 or even somewhat in 2018, this time the central government is not restricting movement within the economy. There is no rush to use the Essential Commodities Act. The price action is more nuanced. This week, the government removed import duty on raw materials for steel while increasing Business Standard has always strived to provide up-to-date information and commentary on developments that are of interest to the country and the world, and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has made our resolve and commitment to these ideals stronger. Even during these difficult times that arise out of Covid-19, we continue to keep you informed and informed with credible news, authoritative views and incisive commentary on topical issues of relevance.

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