More Stories

Informist, Tuesday, Apr. 1, 2025

NEW DELHI – The Department of Consumer Affairs has spent INR 119.95 billion from the corpus of the Price Stabilisation Fund as of Mar. 18 in the financial year ended Monday, Minister of State for Consumer Affairs B.L. Verma informed Parliament on Tuesday.

While the budgetary support allocated for the Price Stabilisation Fund in 2024-25 was INR 70 billion, a total amount of INR 119.95 billion has been spent. Of this, INR 69 billion has come from Budget allocation, while the remaining amount was from amounts earned from sale proceeds when the buffer was offloaded in the market. 

The Price Stabilisation Fund was introduced by the government in 2014-15 to address price volatility in key agricultural commodities like onions, potatoes, and pulses. The scheme aims to protect consumers and discourage hoarding by maintaining a strategic buffer stock and releasing supplies at affordable prices. Under this scheme, a dynamic buffer stock of pulses such as tur, urad, moong, masur, chana and onions has been created over the years.  End

Reported by Pallavi Singhal

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.