FM says inflation contained; corpus of Rs 900 crores for Price Stabilisation Fund

Zee Media Bureau

New Delhi: The Price Stabilisation Fund has been provided with a corpus of Rs.900 crore to support market interventions.

While presenting the Union Budget 2016-17 in Lok Sabha on Monday, the Union Finance Minister Arun Jaitley said that monitoring of prices of essential commodities is a key element of good governance.

A number of measures have been taken to deal with problem of abrupt increase in prices of pulses. Government has approved creation of buffer stock of pulses through procurement at Minimum Support Price and at market price through Price Stabilisation Fund. 

Meanwhile FM mentioned that inflation had been contained at about 5.4 percent.