• <input id="8wm4i"></input>
    <menu id="8wm4i"></menu>
  • <menu id="8wm4i"></menu>
    You are here: Home » Current Affairs ? News ? National
    Business Standard

    Congress hits out at govt over rise in prices of essential commodities

    Congress on Sunday attacked the government over the rise in prices of essential commodities, asking it to act sternly against black marketeers and push sufficient stocks of food in the market

    Essential Commodities Act | Congress

    Press Trust of India  |  New Delhi 

    GDP, growth, money, inflation, Food, edible, price rise, vegetables, retail stores, grocery, market, buyers, consumers, customers, spending,

    The on Sunday attacked the government over the rise in prices of essential commodities, asking it to act sternly against black marketeers and push sufficient stocks of food in the market to check rising prices.

    spokesperson Gourav Vallabh accused the government of being ignorant and alleged it was allowing stocks to rot and the people to suffer.

    He said the festive season is here but it is not only COVID-19 that is denting the spirits of the common man as the prices of food items are spiralling.

    He claimed that with almost no fiscal stimulus, the economy is struggling to get back on track, but "the government is ignorant and blatantly incompetent in controlling inflation".

    Vallabh said while the government should be exploring avenues to provide support to the people and boost consumption, it is on a lookout to "extract as much from the common man and leave them helpless".

    "We demand that the government immediately act on black marketeers, assess stock of essential items lying in cold storages and push sufficient stock in the markets to control the prices," he told reporters.

    The leader cited the high prices of onions and potato, saying it is highest in 10 years. He said the consumer food price inflation has been consistently high for the last few months, both in the urban and rural areas.

    The overall CFPI (Consumer Food Price Index) was over 9 per cent for July 2020 and August 2020, but it breached the 10 per cent-mark in September 2020, he said, adding that the inflation rate for vegetables in September 2020 was 22.71 per cent and for pulses and products it was 13.69 per cent.

    "What was the government doing to control all of this? By the looks of it, nothing. The government's incompetence and inaction is evident from the fact that while we exported 1.23 lakh tonnes of potatoes to nations like Saudi Arabia, Oman, Myanmar and others in 2019-20, we ourselves have a supply shortage," he said.

    "Why was no proper planning done before exporting our potato stock when there is a supply crunch in our domestic market," he asked.

    Vallabh said there are 30 lakh tonnes of potatoes lying in cold storages across Uttar Pradesh, out of which 22 lakh tonnes was meant for the markets.

    "When the time is to boost consumption in our economy, why is the government denting the pockets of the common man through increased prices for their mandatory spending," he also asked.

    (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

    Dear Reader,

    Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
    We, however, have a request.

    As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

    Support quality journalism and subscribe to Business Standard.

    Digital Editor

    First Published: Sun, November 01 2020. 22:01 IST