Finance Minister urged that urgent and timely attention be given to all matters related to price rise
The Finance Minister, Arun Jaitley convened a high level meeting to discuss issues related to inflation and price rise of essential commodities. The key decisions of the meeting were:1. Keeping in mind the increasing trend in the price of onions, Government imposed a minimum export price (MEP) of US $ 300 per tonne on the export of onions, which is expected to have a salutary impact on the availability of onions in the domestic market.
2. State Government of Delhi is being asked to consider to delist fruits and vegetables from the purview of the Agricultural Produce Market Committee (APMC) Act and to procure additional supplies of onions for distribution through Government's retail outlets.
3. Keeping in mind the increase in the retail price of rice, it was agreed that Government, through the Food Corporation of India, would release more supplies to State Governments to be released through the Public Distribution System.
4. The meeting also reviewed the steady increase in the retail price of milk and took a decision to consider withholding export incentives currently in force.
5. The Finance Minister urged that urgent and timely attention be given to all matters related to price rise, and that the departments concerned should take necessary steps without any delay.
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6. The Finance Minister also emphasized on the urgency to effectively check constraints in ensuring smooth flow of essential commodities availability in the market through dehoarding, timely inspection, monitoring etc.
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