Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

Finance Minister Nirmala Sitharaman on Tuesday took stock of the impact of the Coronavirus epidemic in China on trade and said prices were unlikely to rise. She added that her ministry would hold a meeting and discuss with the Prime Minister's Office (PMO) ways to formulate a response to disruption in exports and imports. Sitharaman said: "We need to ready our ports as the manufacturing sector is affected due to congestions and there might be a rush of raw materials from China when the situation improves in the coming months." 

"Tomorrow, each secretary in the Finance Ministry will collate