Retailers to be brought under ESMA

Submitted by alvin on Wed, 2016-06-08 19:46 Bengaluru: The state government has decided to bring retailers under the Essential Services Maintenance Act (ESMA) to rule out scarcity of essential commodities. The move is also aimed at attracting more investment in the retail sector.Briefing the media after the cabinet meeting, Law and Parliamentary Affairs Minister TB Jayachandra said the decision was in consumer interest. Henceforth, retailers selling food grains cannot go on strike, said the minister adding that the move would bring in more “discipline” and “investment” into the sector.But he said the government would retain the power to withdraw ESMA in case consumer interest was affected.The government has also decided to allow retailers to stock more food grains so that there will be no artificial scarcity. Funds for BengaluruThe cabinet has decided to allocate Rs7,300 crore for developing the city’s infrastructure. The funds will be utilised for constructing new roads, flyovers, improving drinking water, drainage and other facilities. “The money should be utilised within 2016-17 and 2017-18. The BBMP has been instructed to take up projects within the stipulated time,” the minister said.