Essential commodities News
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PM Modi raised questions on Opposition's intentions on Farmers' Bill.
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The note ban decision has not affected the prices of 22 essential commodities, including foodgrains, the Lok Sabha was informed on Tuesday.
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With prices of chana dal and sugar continuing to rule high, Cabinet Secretary PK Sinha on Wednesday asked the Department of Consumer Affairs to consider all options to check their rates.
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In order to check inflation, the government has amended the metrology rules which would allow it to fix retail prices of essential commodities like pulses and sugar in extra-ordinary situations.
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The Central Trade Unions (CTU) have called for a strike across the country on Friday to express their disagreement with the Central Government's "unilateral labour reforms and anti-worker policies".
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Concerned over food inflation, Finance Minister Arun Jaitley will review the situation on Wednesday and discuss steps to keep prices of essential commodities, including pulses, in check.
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Pulses prices in most retail markets have risen by up to 75 percent in the last one year due to fall in domestic output in 2014-15 crop year (July-June).
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The government on Thursday said it will not allow prices of essential food items to increase due to the impact of possible deficient monsoon this year.
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Under the contingency plan, the government proposes to use the Rs 500-crore price stabilisation fund to ensure availability of essential commodities at reasonable cost.
Expressing commitment to ensure price stability, the government on Friday said it is taking measures to bring down inflation.
The Essential Commodities Act should be amended to raise imprisonment for hoarders from six months at present to a year, he said.
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