The government though announced measures to curb price rise, it still hasn’t learned from the past
GN Bureau | June 17, 2016
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
Even as a vision and a strategy agenda is in "advanced stages" of finalisation at NITI Aayog, the government think tank has released a draft three year action agenda for public consultation. The draft action agenda, divided in seven parts and 24 chapters, proposes to reduce
The National Human Rights Commission (NHRC) on Tuesday said it was “disturbed” over the killing of 25 Central Reserve Police Force (CRPF) personnel by Naxalites in Chhattisgarh on April 24. The troopers were attacked while on duty for securing road construction work in the Bur
Twitter Sewa unveiled by the ministry of telecommunications last year to resolve users’ complaints through micro blogging site Twitter has yielded fruitful results by resolving 99 percent of the complaints. According to BSNL data, as on April 15, 2017, it has receiv
What is your perception about Arvind Kejriwal’s brand of politics? In Delhi, after the BJP and the Congress, people wanted to give the Aam Aadmi Party a chance. However, after the Delhi assembly polls, his (Kejriwal`s) political fortune has been on the declin
Bharat Heavy Electricals Limited’s biggest export order, valued at Rs 10,000 crore for setting up 1,320 MW Maitree thermal power project in Bangladesh has taken-off following the issuance of the ‘notice to proceed’ by the developer. BHEL said that it won a
Mozilla is working on two separate goals in net neutrality. One is to bring everyone online; ensure that everyone has access to the internet. The other is to ensure that the network should remain open and diverse. We want people to have access to the whole diversity of the internet and not just in