DMPQ: What are the efforts taken by Central government to control inflation? (economics)

 

  • Advisories are being issued, to state govt. to take strict action against hoarding and black marketing and effectively enforcing the essential commodities act,1980 for commodities in short supply.
  • Regular review meeting on price and availability situation, inter ministerial committee, price stabilisation fund management committee.
  • Higher MSP so as to incentivise production and thereby enhance availability of food iteams.
  • approved enhancement in buffer stock of pulses from 1.5 lakh MT to 20 Lakh MT to enable effective market intervention for moderation of retail prices.
  • Government imposed 20% duty on export of sugar for promoting availability and moderating prise rise.
  • Export of all varieties of onion will be allowed only on letter of credit subject to a minimum export price of $850/MT.

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