Inflation hits people, prices of pulses go sky high

The government though announced measures to curb price rise, it still hasn’t learned from the past

GN Bureau | June 17, 2016


#Inflation   #price rise   #pulses   #tomatoes   #governance  


That time of the year has come again when basic commodities try to shrug off their ‘basic’ tag. Providing sudden unrest to the public’s budget, this trend is invariably seen every year, and so has it now as prices of pulses reach triple figures. 

Pinching people’s pockets, the prices of pulses have jumped to as much as Rs 200 per kg. In this category, urad dal is selling at Rs 190-200 per kg while the price of chana dal is touching Rs 100 per kg, and so is masur dal. Moong dal is selling at Rs 125 per kg while tur dal costs Rs 150-160 per kg.
Meanwhile, tomatoes have already been selling anywhere between Rs 50 and Rs 100 per kg for the past few days.

The finance minister Arun Jaitley has held a meeting with ministries of food and agriculture and decided to enhance the buffer stock of pulses from 1.5 lakh tonne to 8 lakh tonne. A number of other meetings among consumer affairs ministry, income tax department, enforcement directorate and intelligence bureau and various state governments, have also been held to address the issue.

Everyone has been assigned specific roles: the enforcement agencies to check hoarding, state governments to sell pulses at subsidised rates from the buffer stock and put a cap on prices, Sebi to suspend trading in chana.

In preventive measures, the Centre has decided to impose 20 percent export duty on sugar and 25 percent on wheat. The government has also approved import of pulses and lentils. Teams would also be visiting Mayanmar and Mozambique for long-term pulses contract. 

While hoarding and middlemen usually remain the main causes of price rise, drought too has affected supplies this year. 

But a lot could have been averted had the government taken these measures much earlier. Similar was the case with drought management; it was only when the situation went out of hands that the governments started scuttering around. For now, the government would need to act swiftly to bring prices under control.

Read our last year's ground report and analysis
 

Comments

 

Other News

“Privacy is the foundation of what makes life worth living”

Joseph A Cannataci is the UN’s first and current special rapporteur for the right to privacy appointed by the Human Rights Council (HRC) in July 2015. His appointment came with growing global concerns about threats to privacy in the digital age where governments and big corporations collect

Suicide is all set to be decriminalised

Those who attempt suicide will no longer face criminal charges under the Indian Penal Code (IPC), once the Lok Sabha passes the “The Mental Healthcare Bill”. The government has introduced “The Mental Healthcare Bill”,

Challenges with regulation of medical education: Niti Aayog

  There are challenges with the regulation of medical education for Indian Systems of Medicine and Homoeopathy, said a Niti Aayog report.   A Preliminary Report of the Committee on the Reform of the Indian Medicine Central Council Act 1970 and Homoeopathy Cen

In conversation with author Chitra Banerjee Divakaruni

Chitra Banerjee Divakaruni was born in Kolkata and has spent most of her life in Northern California. The two cultures are reflected in her writings. Two of her books, The Mistress of Spices and Sister of My Heart, have been made into a movie and TV serial, respectively. Palac

Five points about UK parliament resolution on Gilgit-Baltistan

  Here are five highlights of the resolution that was passed by the British parliament over Gilgit-Baltistan in Pakistan.   Read: Resolution in British parliament 

Would AAP do well in the Delhi civic elections?

Would AAP do well in the Delhi civic elections?

Video

गोमती रिवर फ्रंट पहुंचे योगी

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter