Centre to discuss on food inflation with State Mins tomorrow

Tags: News
In order to control food inflation, the Centre has called a meeting of state food ministers tomorrow to discuss other possible ways to rein in prices effectively in the backdrop of poor monsoon this year.

The day-long conference will be chaired by Finance Minister Arun Jaitely and presided over by both Food Minister Ram Vilas Paswan and Agriculture Minister Radha Mohan Singh.

Despite government measures, prices of some food items especially onion and potato have been rising even as their production is sufficient on likely below normal monsoon.

The price rise issues and monsoon situation will be discussed during the first session and the food security act will be deliberated in the second session, a senior Food Ministry official said.

The meeting will take stock of the impact of recent measures taken to improve domestic supply of onion and potato and other food items, and will also discuss hurdles being faced by the state governments in reining in prices.

The Agricultural Produce Market Committees (APMC) Act will also be reviewed for creating a national common market for food items removing barriers for internal trade.

The conference will take update on monsoon situation in respective states and deliberate on steps to be taken to minimise the impact of deficit rains on crops and livestock.

That apart, the meeting will address problems being faced by some states to implement the food security act, that gives two-thirds of the country's population the right to subsidised foodgrains.

At present, 25 states and union territories have not yet implemented the act. The Centre recently gave additional three months' time to state governments to implement this law.

During May, the overall inflation rose to a five-month high to 6.01 per cent, while food inflation to 9.50 per cent due to rising prices of essential food items like vegetables, fruits and cereals.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It will take at least 4 more quarters for corporate bottomlines to turn around

    Aggregate numbers from corporate results in the June quarter of 2014-15 are hardly different from the previous six quarters, with no positive surprise

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture