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



Other News

Governance Now journalists win award for best TB reporting

Governance Now on Thursday bagged the REACH Media Awards for 2017-2018 for best reporting (English category) on tuberculosis (TB) at an event co-hosted by REACH, USAID and Lilly Global Health in partnership with the Lancet Commission on Tuberculosis. Our cover story

Simple facts about Special Status states

N Chandrababu Naidu-led Telugu Desam Party (TDP) on Friday parted ways from the BJP-led National Democratic Alliance (NDA) at the centre. The official quitting of the alliance was preceded by the pulling out of two ministers out of the Narendra Modi government, a week ago. The

Peak performance

What is Narendra Modi’s biggest electoral success during the current term as prime minister? At first blush, most would say the Uttar Pradesh victory. That would be looking at the obvious (UP is the heart of the Hindi heartland) and at mere numbers (it has the maximum Lok Sabha seats). Yes, it was a

On a dangerous tangent

The killing of a seven-year-old boy at Ryan International School, Gurgaon, suddenly brought focus on violence by students in school. It was a gruesome case indeed: On September 8 last year, Barun Chandra Thakur dropped his children, including seven-year-old Pradyuman, at school around 8 am. By the time he

Juvenile crime and punishment

Like our jails, our correction centres for juvenile offenders are hardly conducive to bringing about positive change. No one will dispute the fact that an underaged criminal, especially if he or she is a first-timer, needs to be given a chance to reform, however heinous the crime. Unfortunately, society&rs

If you’re happy and you know it...

Finland has emerged as the world’s happiest country, as per the World Happiness Report 2018. The report has ranked 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants. This year, the main focus of the report is on migration within and between countries.

Current Issue

Current Issue


CM Nitish’s convoy attacked in Buxar


Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter