Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, October 26
    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 ArticleCamden Property Trust : Barclays optimiste sur le dossier
    Next Article Wha Utilities And Power affiche un bénéfice trimestriel de 223,8 millions de bahts

    Related Posts

    Commodities

    Trump Names SEC Crypto Task Force Head Selig as Next Nominee to Run U.S. CFTC

    October 25, 2025
    Commodities

    Trump Taps SEC Official to Head Commodities Regulator

    October 25, 2025
    Commodities

    India’s diesel exports to Europe likely to remain firm during October-December 2025

    October 25, 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

    Bitcoin Falls As Trump BTC Statue Appears In Washington DC

    September 19, 2025
    Stock Market

    Cambridge-based Raspberry Pi to float on London stock market

    May 15, 2024
    Stock Market

    DBV Technologies participera au prochain congrès conjoint AAAAI/WAO

    February 25, 2025
    What's Hot

    Annual SPI spikes 2.21% led by gas, sugar

    August 15, 2025

    Bitcoin ‘Trump Trade’ Returns as BlackRock’s ETF Brings in Another $1 Billion

    October 18, 2024

    Economist Predicts 60% Surge for Bitcoin, Says ‘Extreme Rallies’ for Ethereum, Altcoins and Memecoins in Sight – But There’s a Big Catch

    August 11, 2025
    Most Popular

    Grok AI Predicts Bitcoin Will Maintain Its Lead Over Ethereum and XRP to 2030, But Says This Crypto Will Beat Them All in ROI

    August 16, 2025

    gold: Commodity Talk: Investors should remain long on gold, says Anuj Gupta of HDFC Securities

    August 5, 2024

    Bitcoin Price Watch: les signaux baissiers émergent malgré la ligne de tendance haussière

    May 17, 2025
    Editor's Picks

    Satoshi to Be Surpassed as Biggest Bitcoin Holder This Year

    August 13, 2024

    Aelea Commodities Listing: Stock makes stellar market debut, lists at 74% premium at ₹165

    July 22, 2024

    Coal ash spill in northern Minnesota was five times larger than first thought

    July 19, 2024
    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.