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PM Narendra Modi monitoring price situation

New Delhi, 19 June-2014(Indilens Web Team): Prime Minister Narendra Modi is closely monitoring the situation arising out of the rise in prices of food items. He has been briefed on the steps being taken to contain the rising prices of onions, potatoes and other seasonal vegetables and fruits. The States have been asked to crack down on hoarders.

PM Narendra Modi monitoring price situation

Finance Minister Arun Jaitley, flanked by Minister for Information and Broadcasting Prakash Javadekar (left) and Power Minister Piyush Goyal, interacts with Food Processing Industries Minister Harsimrat Kaur Badal, as IT Minister Ravi Shankar Prasad and Human Resource Development Minister Smriti Irani look on, after a Cabinet meeting at the Prime Minister’s Office in New Delhi on Wednesday. Photo: Rajeev Bhatt
Finance Minister Arun Jaitley, flanked by Minister for Information and Broadcasting Prakash Javadekar (left) and Power Minister Piyush Goyal, interacts with Food Processing Industries Minister Harsimrat Kaur Badal, as IT Minister Ravi Shankar Prasad and Human Resource Development Minister Smriti Irani look on, after a Cabinet meeting at the Prime Minister’s Office in New Delhi on Wednesday. Photo: Rajeev Bhatt

Sources said the decision to impose a minimum export price on potato had been put on hold for now. Only 0.35 per cent of the entire produce was exported, which did not affect domestic prices.

After a meeting between Union Finance Minister Arun Jaitley and the Ministers concerned on Tuesday, it was declared that the government would offload some stocks of rice for consumers and impose a minimum export price on onion to contain food inflation. Over 22 food commodities were being monitored by the government.

Agriculture Minister Radha Mohan Singh told The Hindu that a presentation was made before Mr. Modi on Wednesday by the Department of Animal Husbandry, which emphasised the need for forging a “blue revolution” in milk and dairy products.