Govt's another assurance to control price rise

Kolkata, Dec 26: Once again Finance Minister Pranab Mukherjee assured people that government will control price rise issue soon. But this is not the first time, government gave this kind of assurance before also. But it hardly succeeded to reach towards its target.

Following tremendous pressure on the government for the sky-high levels vegetable price rise, especially onion price, Mukherjee assured that government will control the price rise issue.

On Sunday, Dec 26, Mukherjee stated that prices of onions have come down and the situation will be in control soon, as the government is taking all steps.

"Export of onion has been banned and the import duty has been made zero, besides some imported onions are reaching the market. The prices have come down," Mukherjee informed media.

"Some fruits, vegetables and milk have an element of seasonality in them and sometimes in the market there is gap in the demand and supply of products, which leads to the increase in their prices... Ultimately, it depends on the series of the core chain, added Mukherjee.

Onion prices had jumped to as high as Rs 85 per kg in retail markets earlier, due to a severe supply crisis.

Price rise was attributed to the damage suffered by crops in Maharashtra, the main producing state, on account of unseasonal rains, though some quarters have alleged that hoarding by traders was responsible.

OneIndia News
(With inputs from PTI)