Search Results for: non-essential items

sharp-hike-in-food-prices-dampens-festive-spirit-of-ramadan-in-kashmir

Sharp hike in food prices dampens festive spirit of Ramadan in Kashmir

Srinagar, July 05 (ANI): The sharp hike in the prices of essential commodities during the Muslim holy month of Ramadan has dampened the festive spirit in Kashmir. During the holy month, consumption of these essential commodities increases automatically as compared to other months. Another resident, Farooq Ahmad blaming the government said that the price of vegetables and fruits varies on a daily basis. Soaring prices of basic goods such as milk and potatoes lifted retail food inflation in May to 9.4 percent and there have been fears of worse to come with the delayed spread of the monsoon to the grain bowl region of northwest India. Meanwhile, Director of Consumer Affairs and Public Distribution, Bashir Ahmad Khan, said that the department is monitoring the market to check inflation. Jul 5, 2014
hoarders-taking-advantage-of-below-normal-monsoon-forecast-strict-action-needed-arun-jaitley

Hoarders taking advantage of below normal monsoon forecast, strict action needed: Arun Jaitley

New Delhi, July 4 (ANI): At the state food ministers' meet on Friday, to discuss measures to check the unreasonable increase in prices of some food items, Finance Minister Arun Jaitley said that hoarders are taking advantage of the forecast of below normal monsoon. He stated that during the months of July- December every year, the prices of some food items increase due to hoarding. He urged the states to take stern against hoarders and assured that the central government would give them complete support. Jul 4, 2014
rajnath-singh-on-food-price-control

Rajnath Singh on food price control

New Delhi, July 3 (ANI): Home Minister Rajnath Singh on Thursday said that he has directed his officials and concerned ministers to take every step to control the prices of essential commodities. He added that he has asked for strong action against hoarders. The Home Minister's directive came following a high-level meeting attended by Delhi LG Najeeb Jung, Chief Secretary S K Srivastava, Police Commissioner B S Bassi besides others. Jul 3, 2014
indian-government-brings-onions-and-potatoes-under-essential-commodities-act-to-curb-inflation

Indian government brings onions and potatoes under essential commodities act to curb inflation

New Delhi, July 3 (ANI): The economic affairs committee of the Indian cabinet decided to bring onions and potatoes under the essential commodities act in order to curb the prices of these two essential vegetables on the nation's menu. Law minister, Ravi Shankar Prasad held a cabinet briefing to explain the government's decision of including onions and potatoes under the Essential Commodities Act, 1955, for one year. Prasad said that the decision will prevent hoarding as it will place an upper limit on holding stock by wholesale traders and others. Prime Minister, Narendra Modi, has made tackling inflation his top priority after widespread resentment about rising prices contributed to the exit of the previous government last month. Jul 3, 2014
politicos-head-to-mp-assembly-on-bullock-cart-to-protest-against-price-hike

Politicos head to MP assembly on bullock cart to protest against price hike

Bhopal, July 1 (ANI): Congress leaders in Bhopal arrived in bullcok carts and horse carts for the assembly session to show their resentment against price hike on Tuesday. India's state-run oil companies on Monday hiked price of petrol by rupees 1.69 per litre and diesel 0.50 paise per litre as ruling BJP hinted at less import due to crisis in Iraq. With the budget session of Parliament beginning from July 07, the ruling BJP is being severely criticised across the nation for its decision to increase the prices of essential commodities. Ahead of his maiden budget this month, Finance Minister Arun Jaitley is grappling with a food inflation scare, and now faces the risk that higher oil prices could swell the government's subsidy bill. Jul 1, 2014
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