India Breaking News

Thursday, January 13, 2011

Highlights of measures announced to control prices

Email StoryEmail Story Write to the editorWrite to the editor Print StoryPrint Story New Delhi, Jan 13: The government today announced a slew of measures to control prices of essential commodities. Following are the highlights:-- State-run National Agricultural Cooperative Marketing Federation (NAFED) and apex federation of consumer cooperatives, NCCF, to sell onions at Rs.35 per kg-- Stringent action against hoarders and black marketers. Cartelisation by large traders to be dealt with strictly dealt-- Import and export of all essential commodities to be reviewed on a regular basis-- State units to intensify purchases of essential commodities, particularly edible oils and pulses, for distribution through their retail network-- Existing schemes for subsidised distribution of edible oils and pulses to be continued-- Exports of edible oils and pulses, as well as non-basmati rice to remain banned-- Committee of Secretaries under the Cabinet Secretary to review the prices situation with individual states-- An inter-ministerial Group set up under the Chief Economic Adviser, Ministry of Finance to review the overall inflation situation-- State Governments to be urged to consider waiving mandi tax, octroi and other local levies to bring down prices further-- A scheme to support the state governments in the setting up of farmers' mandis and mobile bazaars and to improve the functioning of civil supplies corporations and cooperatives-- Awareness campaigns to make people aware of cheaper alternatives to pulses like yellow peas with a view to influence consumption pattern in favour of such alternatives-- Involve Residents' Welfare Associations and self-help groups in distribution of essential commodities to address local s! hortages and ensure that supplies reach the households with least intermediation cost-- Investments to be encouraged in supply chains including provisions for cold storages-- Storage capacities to be increased to stock last years bumper Kharif crop. (IANS)

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