The government on Thursday put out a plan of action to deal with rising food prices. But observers feel the Centre's grand plan to fight price rise is low on specifics and high on promises.Promising to crack down on black marketeers and hoarders, the government on Thursday unveiled measures to check spiralling prices by deciding to continue ban on exports of edible oils, pulses and non-basmati rice and asked states to waive local taxes on essential commodities.After two days of discussions at the highest level, chaired by Prime Minister Manmohan Singh - on a day weekly food inflation showed some moderation - the government constituted an inter-ministerial group under Chief Economic Advisor Kaushik Basu to review the overall inflation with particular reference to primary food articles. Admitting that food prices have frequently risen at "unacceptable rates", a statement issued by Prime Minister's media advisor said that the "current bout of inflation is driven by rise in prices of vegetables and fruits which is more difficult to manage because they are not held in public stocks." Attributing the rise in prices, especially the onion, due to late rains, the government said that fast growth of the economy, combined with the effect of several inclusiveness programmes, put greater income in the hands of the relatively poor whose food consumption increased. This led to rise in prices of milk, eggs, meat and fish. On measures that it proposes to take, the government said it would take stringent action against hoarders and black marketeers manipulating market prices to ensure products reach markets in time to moderate prices. "Cartelisation by large traders will be strictly dealt with. The States will be requested to ensure that such action is effectively taken under the Essential Commodities Act, 1955, and the Competition Act, 2002," the statement said. It said that import and export of all essential commodities would be reviewed on a regular basis. The government will "impose controls on exports and ease restrictions on imports, including tariff reduction where necessary, to improve domestic supplies," it said. The food inflation, measured by wholesale prices, for the week ended January 1, 2011, moderated slightly but was still ruling high at 16.91 per cent. The Centre also listed reasons for rising prices in the release. "The rise in prices is partly due to late rains, which affected the onion crop. There is also an underlying increase in prices of milk, eggs, meat and fish, which is the result of fast growth of the economy combined with the effect of several inclusive programme which put greater income in the hands of the relatively poor whose food consumption increases," it said. Regards Shail |
__._,_.___
Visit Our WebSite : http://www.MumbaiHangout.Org
: http://www.mastchulbule.com/
Our Friends Network: http://www.nayidosti.com/home.php
To Subscribe Get Emails from us click http://groups.yahoo.com/subscribe/MumbaiHangOut
------------------
DISCLAIMER :
------------------
This message serves informational purposes only and should not be viewed as an irrevocable indenture between anyone. If you have erroneously received this message, please delete it immediately and notify the sender at MumbaiHangOut-Owner@yahoogroups.com. The recipient acknowledges that any views expressed in this message are those of the Individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of The M.H.O. Group. M.H.O. reserves the right to repeal, change, amend, modify, add, or withdraw the contents herein without notice or obligation.
---------------------------------------------------
Note:- MHO is Not Responsible For Any Claims.
---------------------------------------------------
: http://www.mastchulbule.com/
Our Friends Network: http://www.nayidosti.com/home.php
To Subscribe Get Emails from us click http://groups.yahoo.com/subscribe/MumbaiHangOut
------------------
DISCLAIMER :
------------------
This message serves informational purposes only and should not be viewed as an irrevocable indenture between anyone. If you have erroneously received this message, please delete it immediately and notify the sender at MumbaiHangOut-Owner@yahoogroups.com. The recipient acknowledges that any views expressed in this message are those of the Individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of The M.H.O. Group. M.H.O. reserves the right to repeal, change, amend, modify, add, or withdraw the contents herein without notice or obligation.
---------------------------------------------------
Note:- MHO is Not Responsible For Any Claims.
---------------------------------------------------
.
__,_._,___
No comments:
Post a Comment