New Delhi, Aug 8 IANS | 3 months ago

The government is committed to ensuring price stability and is closely monitoring the situation and taking measures on an ongoing basis to bring down inflation, Minister of State for Finance Nirmala Sitharaman said Friday.


In a written reply in the Lok Sabha, she listed some of the steps the government has taken in the last three years. These included reducing import duties to zero for wheat, onion and pulses and imposing stock limits on various commodities; suspending futures' trading in rice, urad and tur as a matter of abundant precaution; maintaining the Central Issue Price for rice and wheat; allocating rice and wheat under the Open Market Sales scheme; banning exports of essential items for a short period whenever required, she said.

Some specific measures taken recently to contain food inflation include recommending the delisting of fruits and vegetables from the purview of Agriculture Produce Marketing Committee Acts of the states and fixing or revising minimum export price of $500 per MT and $450 per MT on the export of onions and potatoes, respectively, Sitharaman said.

Among other measures are the inclusion of onions and potatoes under the purview of stock holding limits under the Essential Commodities Act, 1955 and allocating additionally 50 lakh tones of rice for distribution to BPL (below poverty line) families at BPL prices and above poverty line price for others for the period July 2014 to March 2015 or till implementation of the National Food Security Act by the respective State/UT, whichever is earlier."

(Posted on 08-08-2014)

Share This Page:


Post your comments


Information on States of India:

Andaman Nicobar | Andhra Pradesh | Arunachal Pradesh | Assam | Bihar | Chandigarh | Chhattisgarh | Dadar Nagar Haveli | Daman Diu | Delhi | Goa | Gujarat | Haryana | Himachal Pradesh | Jammu Kashmir | Jharkhand | Karnataka | Kerala | Lakshadweep | Madhya Pradesh | Maharashtra | Manipur | Meghalaya | Mizoram | Nagaland | Orissa | Pondicherry | Punjab | Rajasthan | Sikkim | Tamil Nadu | Tripura | Uttar Pradesh | Uttaranchal | West Bengal

INDIA REGIONAL MAPS:

Andhra Pradesh Travel Map | Bihar Travel Map | Goa Travel Map | Gujarat Travel Map | Haryana Travel Map | Himachal Pradesh Map | Karnataka Travel Map | Kerala Travel Map | Maharashtra Travel Map | Punjab Travel Map | Rajasthan Travel Map | Sikkim Travel Map | Tamil Nadu Travel Map | Uttar Pradesh Travel Map | West Bengal Travel Map |

KERALA TRAVEL MAPS:

Alappuzha | Ernakulam | Idukki | Kannur | Kasaragod | Kollam | Kottayam | Kozhikode | Malappuram | Palakkad | Pathanamthitta | Thiruvananthapuram | Thrissur | Wayanad |

TRAVEL MAPS OF INDIA:

Airports of India | Districts of India | India Pilgrim Centers | Tourism Map of India | National Highways in India | India Railway Routes |

INDIA CITY MAPS:

Ahmadabad | Bangalore | Chennai | Coimbatore | Delhi | Hyderabad/Secunderabad | Kochi | Kolkata | Mumbai | Pondicherry | Pune | Surat |