NEW DELHI : The Union cabinet headed by Prime Minister Narendra Modi on Wednesday gave its approval to amend the Essential Commodities Act (ECA), a more than six decade old law that empowers government to impose curbs on stocking of farm produce.
In the second meeting of the Union cabinet held after the ruling Bharatiya Janata Party (BJP) completed its first year in office in its second term, the cabinet also decided to form an empowered group of secretaries chaired by cabinet secretary to encourage both foreign and domestic investments into India.
This comes against the backdrop of India looking to become an integral part of the global supply chains, as firms look to move production lines out of China due to the disruptions caused by the
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