With spiralling
inflation, the Centre today asked the states to crack down on hoarders
while unveiling a series of measures to check prices of cereals, fruits
and vegetables and slapping restrictions on potato and onion exports.
The host of measures to tame inflation, which had soared to a five-month
high of 6.01 per cent in May, was taken at a high-level meeting of
Ministers and Secretaries called by Finance Minister Arun Jaitley.
Among other measures, the Centre asked the states to delist fruits and
vegetables from the Agricultural Produce Market Committee list, allowing
farmers to sell their produce directly in the open market, and imposed a
minimum export price of USD 300 per tonne on onions to curb their
exports. The Commerce Ministry has been asked to come out with a
similar measure for potatoes. The government has also decided to
release an additional 50 lakh tonnes of rice to states for sale in the
open market at APL (above poverty line) rate of Rs 8.30 per kg and
allowed states to directly import pulses and edible oils to meet
shortages. The meeting to discuss steps to deal with the price rise was
attended by Agriculture Minister Radha Mohan Singh, Food Minister
Ramvilas Paswan, Commerce Minister Nirmala Sitharaman and top officials
including Nripendra Misra, Principal Secretary to Prime Minister
Narendra Modi. "There are 22 commodities which are under active
observation of the government," Jaitley said, adding that a rise in
prices has been noticed in 4-5 commodities. "The steps include advising
the states where we have seen tendency of hoarding, particularly in
anticipation of weak monsoon, to crack down on hoarders. "...even
though the increase has only been marginal, we don't want anybody to
exploit the situation and therefore in anticipation of any further
market reaction, a series of steps have been decided and they are being
put in place," Jaitley told reporters after the meeting.
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