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Highlights of measures announced to control prices

Posted by Admin on January 16, 2011

Cut onion

Most widely used vegetable in the World

http://in.finance.yahoo.com/news/Highlights-measures-announced-ians-2445394061.html

Indo Asian News Service, On Friday 14 January 2011, 2:59 AM

New Delhi, Jan 13 (IANS) The government Thursday 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 shortages 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

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