Wednesday, August 5th, 2020

Some system have to be evolved to anticipate such rise and plan actions in advance : Arun Jaitely

Union Minister for Finance, Corporate Affairs and Defence,  Arun Jaitley,State Food Ministers ConferenceINVC,
Inspite of record production of agricultural commodities, increase in prices of food items is matter of concern. It shows there is hoarding at some level. We have to take all steps to ensure availability of these commodities at reasonable prices. This was stated by Finance Minister, Shri Arun Jaitely while inaugurating State Food Ministers Conference here today. He said that some system have to be evolved to anticipate such rise and plan actions in advance. He expressed the hope that a joint action plan will be chalk out by the Conference. Presiding over the conference, Shri Ramvilas Paswan, Union Minister for Consumer Affairs, Food and Public Distribution said that checking food inflation has become a priority agenda for the Government. He said that there is need to put in place a preventive strategy to minimise the adverse impact of various factors including late monsoon on the prices and availability of essential food items. “We have to be well prepared with an advance co-ordinated strategy in collaboration with all the State Governments”, he said. Expressing concern over reported hoarding, Shri Paswan said that tough action is required by the States against those indulging in illegal hoarding and black marketing. Setting up of fast track courts for handling cases of hoarding and black marketing should be considered. While improving agricultural productivity is crucial for increasing the overall availability of essential food items, removal of any restrictions on their free movement to the final consumer are equally important for checking any undue speculative activities leading to hike in prices. This is a battle which has to be fought jointly by the Centre and the State Government and with a strong will and commitment if we have to ensure both availability and price stability, he said.



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