Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Friday, March 20
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»Chandigarh, Mohali crack down on panic hoarding as India-Pakistan tensions spike
    Commodities

    Chandigarh, Mohali crack down on panic hoarding as India-Pakistan tensions spike

    May 9, 20253 Mins Read


    Amid growing tensions between India and Pakistan, the Chandigarh administration has issued an urgent order prohibiting the hoarding and black marketing of essential food and fuel items, warning that such practices are creating artificial scarcity, price spikes, and threatening public order. All traders and stockists have been directed to declare their current inventory to the Department of Food and Supplies within three days.

    Meanwhile, Union Food Minister Pralhad Joshi on Friday appealed to citizens to beware of false messages and stay calm. “We have stocks of food items more than our requirements. Traders, wholesalers, retailers and business establishments of essential commodities have been directed to cooperate with law enforcement agencies,” he said, adding that not to believe the false propaganda which were leading people to unnecessarily rush to stock up. “Any person who hoards or hoards food for any purpose or malicious intent will be subject to the Essential Commodities Ac,” he wrote in a post on X.

    The move comes after a series of escalations between the two countries earlier this week. On May 7, India launched strikes on nine terror camps in Pakistan and Pakistan-occupied Kashmir in a mission dubbed Operation Sindoor. In retaliation, Pakistan’s army shelled civilian areas across the LoC, killing over 15 civilians, and launched missiles and drones into Indian territory on May 8. India’s air defence system neutralised these attacks, but the conflict has sparked widespread fear and triggered panic buying in parts of the country.

    In Chandigarh, District Magistrate Nishant Kumar Yadav invoked Section 163 of the Bharatiya Nagrik Suraksha Sanhita, 2023, to curb hoarding of essentials such as rice, wheat, pulses, edible oils, sugar, vegetables, milk products, medicines, petrol, and diesel. “Such actions are resulting in artificial scarcity, abnormal price rise, and potential law and order issues affecting the supply and distribution of essential food commodities to the general public,” the order noted.

    “No person, trader, wholesaler, retailer or business entity shall engage in the hoarding or stockpiling of essential commodities… fuel including petrol and diesel,” the order stated. It also requires all traders to declare their current stock to the administration within three days.

    Citizens have been urged to report any instances of hoarding or black marketing to the Department of Food & Supplies and the Legal Metrology Department in Chandigarh.

    A similar directive has been issued by the Mohali administration. In its May 8 order, the District Magistrate of Sahibzada Ajit Singh Nagar cited reports of panic buying, hoarding, and disruption in supply chains due to the geopolitical tensions. “It has been made to appear… that due to border tensions and internal security conditions, there is an apprehension of a situation of scarcity,” the order said, calling for urgent regulation of food and fuel stocks. It warned that hoarding would lead to legal action under Section 163.

    The Chandigarh order will remain in force till July 7.

    The Amritsar District Administration has also implemented similar restrictions to prevent black marketing and price gouging in the border state of Punjab.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin, Ethereum… Pourquoi les cryptomonnaies repassent soudainement dans le vert
    Next Article Wha Utilities And Power affiche un bénéfice trimestriel de 223,8 millions de bahts

    Related Posts

    Commodities

    RWA Tokenization Hits $23.6B as Funds, Commodities, and Equities Move On-Chain

    March 11, 2026
    Commodities

    What is the Essential Commodities Act, now invoked in India amidst the West Asian crisis? | Explained News

    March 11, 2026
    Commodities

    Key Commodities Powering the Electronics Industry

    March 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Stock Market Today LIVE: Sensex drops over 100 points, Nifty 50 below 25,800; IT stocks lead

    February 18, 2026
    Investing

    Bitcoin: $112,000 Level Emerges as Key Resistance for Next Leg Higher

    October 24, 2025
    Property

    Waste stream innovator USA Waste & Recycling spends $14.5M on property for expansion/evolution

    January 13, 2025
    What's Hot

    DoCA proposes to amend Legal Metrology Rules for packaged commodities

    July 14, 2024

    Nvidia ajoutera-t-elle Bitcoin à ses réserves? Disséquer les rumeurs

    May 14, 2025

    Bitcoin tops $73,000 as investors look for a hedge, crypto stocks surge after Kraken news

    March 4, 2026
    Most Popular

    Rosenblatt maintains $1,300 target on Super Micro amid 10K delay By Investing.com

    August 28, 2024

    TSX dips with Canadian inflation data in focus By Investing.com

    February 17, 2026

    Investing in MetalsGrove Mining (ASX:MGA) a year ago would have delivered you a 13% gain

    October 10, 2024
    Editor's Picks

    L’influence de la création et de la suppression de USDT sur les cycles de prix du Bitcoin

    April 10, 2025

    Hovnanian Enterprises projects robust Q4 amidst choppy sales By Investing.com

    August 23, 2024

    FCC establishes new rules for broadband deployment on utility poles

    August 7, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.