Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, July 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 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

    Role and Importance of Commodity Markets in India

    July 22, 2026
    Commodities

    How could El Niño and climate change impact your investments?

    July 17, 2026
    Commodities

    Commodities: Forward curves and carry framework – Societe Generale

    July 13, 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
    Finance

    G20 finance ministers meet to seek consensus before US election | The Mighty 790 KFGO

    July 22, 2024
    Property

    Two Nevada Airbnb properties among most expensive in the U.S.

    October 9, 2024
    Stock Market

    The market looks shaky. Put options can protect you, Goldman says.

    August 15, 2025
    What's Hot

    Bitcoin set for first yearly loss since 2022: report

    January 1, 2026

    Bitcoin Near $70,000 Amid Market Stability and Growth

    March 13, 2026

    As global stock markets tumble by up to 12%

    August 5, 2024
    Most Popular

    Les analystes disent que Bitcoin pourrait atteindre un nouvel ATH 116 000 $ en juillet

    July 2, 2025

    Supply Minister, FRA chairperson discuss strategies to enhance commodity market

    July 21, 2024

    Canada on track to be third-largest wheat exporter in ’24-’25

    October 28, 2024
    Editor's Picks

    Metaplanet Eyes $3.7 Billion to Supercharge Bitcoin Hoard

    August 2, 2025

    Stock Market Today: Dow, S&P 500, Nasdaq Futures Tumble—Target, Lowe’s, TJX Companies Earnings In Focus – Intel (NASDAQ:INTC), Home Depot (NYSE:HD)

    August 20, 2025

    Is Bitcoin A Dangerous Economic Threat? Minneapolis Fed Researchers Propose Heavy Taxation Or Outright Banning As A Solution

    October 28, 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.