False
Download Learnerz IAS app from the Play Store now! Download

$show=search/label/May%202022

 


Open Market Sale Scheme (Domestic) UPSC NOTE

 


What is Open Market Sale Scheme (Domestic)?

  • Open Market Sale Scheme (OMSS) refers to the government’s selling of food grains, such as rice and wheat, in the open market at predetermined prices.

Why it is introduced?

  • The scheme aims to enhance grain supply during the lean season and moderate open market prices.

Working of the scheme

  • To ensure transparency, the FCI has adopted e-auction as the method for selling food grains under the OMSS (Domestic).

39



  • To ensure transparency, the FCI has adopted e-auction as the method for selling food grains under the OMSS (Domestic).

  • Weekly auctions are conducted on the NCDEX platform.

  • State governments and Union Territory Administrations can participate in the e-auction if they require wheat and rice outside TPDS & OWS (Targeted Public Distribution System & Other Welfare Schemes).

40


Recently in news

  • Union Food Ministry maintained that its recent decision to reduce the quantity of foodgrains a bidder can purchase under the Open Market Sale Scheme (Domestic) is to curb inflation.

  • The Centre recently decided that the quantity that a bidder can purchase in a single bid under the OMSS(D) from the FCI will range from 10-100 tonnes. 

    • Earlier, the maximum quantity allowed was 3,000 tonnes per bid for a buyer.

41

Open Market Sale Scheme (Domestic)

Recently in news

  • According to Central Government

    • The quantities have been reduced this time to accommodate more small and marginal buyers and to ensure wider reach of the scheme. 

    • This will facilitate the release of stocks sold under OMSS(D) to reach the general public immediately.

Concerns

  • Concerns remain regarding lower wheat production due to adverse weather conditions.

  • Potential impact on food security.

COMMENTS

Name

Amritsar,1,April 2024,301,Art & Culture,1,August 2023,251,Courses,7,Daily Current Affairs,48,December 2023,189,Disaster Management,2,Environment and Ecology,54,February 2024,228,Foundation Course,1,GDP,1,GEMS Club,1,GEMS Plus,1,Geography,67,Govt Schemes,2,GST,1,History,2,Home,3,IAS Booklist,1,Important News,71,Indian Economy,46,Indian History,2,Indian Polity,56,International Organisation,12,International Relations,58,Invasive Plant,1,January 2024,240,July 2023,281,June 2022,6,June 2023,268,March 2024,238,May 2022,17,May 2024,213,Mentorship,2,November 2023,169,October 2023,203,Places in News,2,Science & Technology,66,September 2023,205,UPSC CSE,111,
ltr
item
Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Open Market Sale Scheme (Domestic) UPSC NOTE
Open Market Sale Scheme (Domestic) UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
https://www.learnerz.in/2023/08/open-market-sale-scheme-domestic-upsc.html
https://www.learnerz.in/
https://www.learnerz.in/
https://www.learnerz.in/2023/08/open-market-sale-scheme-domestic-upsc.html
true
4761292069385420868
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content