Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, December 16
    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

    Hedge funds pile into commodities in search of fresh source of returns

    December 13, 2025
    Commodities

    Argus looks at the stresses in commodities markets for 2026

    December 11, 2025
    Commodities

    3 Mining Stocks to Ride the Commodity Boom Into 2026

    December 10, 2025
    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
    Bitcoin

    Comment nous sommes passés du livre blanc Bitcoin au bitcoin «papier»

    June 11, 2025
    Investing

    US Dollar: Big Week for the Greenback as DXY Faces Make-or-Break Jobs Test

    September 2, 2025
    Commodities

    Commodities tune out of Trump’s noise to trade fundamentals

    March 12, 2025
    What's Hot

    How To Check Aelea Commodities IPO Allotment Status

    July 18, 2024

    Is Rivian Stock a Buy?

    July 23, 2024

    Voici le groupement qui a remporté le marché de la vidéosurveillance à Casablanca – Telquel.ma

    February 25, 2025
    Most Popular

    Kirk Greene: Historical Investing Data Show Markets Outperform Politics in Election Years | Homes & Lifestyle

    August 23, 2024

    La cryptodevise de Trump et le bitcoin chutent, faute d’annonces sur le secteur

    January 21, 2025

    AIG’s conservative approach to US property aided by clear understanding of reinsurance cost: CEO

    August 7, 2025
    Editor's Picks

    Investors Could Be Concerned With Hiap Tong’s (Catalist:5PO) Returns On Capital

    October 14, 2024

    Comment les équipes tech et finance peuvent collaborer pour lutter contre la fraude dans la gestion des frais professionnels ?

    March 25, 2025

    Florida home insurance costs less with more companies

    March 14, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

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