Wholesalers capped at 2,000 tonnes of rice; retailers at eight tonnes; importers must clear stock within 45 days
AI-generated summary
The Tamil Nadu government issued Government Orders with the prior concurrence of the Centre to declare stock limits for rice, tur dal, and urad dal amid skyrocketing prices of essential commodities and opposition criticism targeting the TVK regime.
The Tamil Nadu government has imposed stock limits on paddy, rice and pulses to curb hoarding, ensure equitable distribution and maintain the availability of these commodities at fair prices.
Amid skyrocketing prices of rice and other essential commodities, and opposition criticism targeting the TVK regime, the state government, with the prior concurrence of the Centre, issued Government Orders declaring limits for stocking rice, tur dal and urad dal.
Under the orders, the stock limit for paddy and rice is 2,000 metric tonnes (MT) for a wholesaler and eight tonnes for a retailer (for each outlet).
A miller can hold stock of not more than one month's production capacity. For a processor, the limit is 60 per cent of the Monthly Installed Capacity (MIC) multiplied by the number of months remaining till January 2027.
For tur and urad dal, the government fixed 200 MT as the upper ceiling for a wholesaler (for each variety). A retailer can stock up to five tonnes (each for tur and urad). A miller can hold only the last three months' production or 25 per cent of annual installed capacity, whichever is higher.
For both rice and pulses, importers should not hold "imported stock beyond 45 days from the date of customs clearance".
The stock control order will remain in force for three months for pulses, and till January 31, 2027, for rice, the government added.
The entities concerned must declare their stock position on the portal of the Department of Consumer Affairs. If their stocks exceed the prescribed limits, they must bring them within the limits by November 16, 2026.
The Government Order said paddy, rice and pulses stocks must be regularly declared and updated on the portal.
AI outlook — possibilities, not facts
Stock positions will be declared and updated on the Department of Consumer Affairs portal, with excess stocks brought within limits by November 16, 2026.
Very likely · Within weeks
The stock control order will remain in force until January 31, 2027 for rice and three months for pulses.
Very likely · Within months
Elon Musk and over 43,000 signers have backed an open letter demanding Nvidia reinstate Jensen Huang as CEO after his November 12 resignation, calling for due process and an independent investigation amid espionage and affair allegations.
Jensen Huang resigned as Nvidia CEO after misleading senior executives about his affair with Alice Huang, a former Megaspeed International executive under US investigation for suspected spying for China. Nvidia's board appointed Wachtell, Lipton, Rosen & Katz for an independent probe. Nvidia's stock fell more than 30% from its October 6 high, wiping out over $1.8 trillion in market capitalization.
The Gurugram District Consumer Disputes Redressal Commission has ordered a restaurant to refund a Rs 401 service charge and pay Rs 20,000 compensation for mental harassment plus Rs 11,000 in litigation expenses, totaling Rs 31,401, after the establishment refused to remove a 10% service charge despite the customer's objection, violating CCPA guidelines from July 4, 2022.
Several Indian banks including HDFC Bank, ICICI Bank, Bank of Baroda, Indian Overseas Bank, Federal Bank, Punjab National Bank, Canara Bank, Indian Bank, Kotak Mahindra Bank, Axis Bank, Utkarsh Small Finance Bank, and Suryoday Small Finance Bank have revised fixed deposit interest rates effective October-November 2026. General customers can earn up to 8.25% and senior citizens up to 8.60%, with small finance banks offering the highest rates.
Bengaluru entrepreneur Meghna Khanna launched The Bindi Project in December 2022 with Rs 5 lakh after closing her 18-year jewellery brand Levitate during the pandemic. The venture makes handcrafted reusable bindis, reached Rs 20 lakh revenue by FY25, and its designs have been worn by Bollywood actors including Kareena Kapoor, Kajol, Sonam Kapoor, Alia Bhatt, Janhvi Kapoor and Tamannaah Bhatia.
Nvidia's board is reportedly considering Arm CEO Rene Haas as a potential successor to Jensen Huang, who resigned after 33 years amid scrutiny over alleged extramarital relationships. The board says it is selecting a search firm and has not formally engaged candidates, while employees have started a reinstatement petition backed by Elon Musk.