Cabinet meeting to review price rise postponed for Wednesday
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Last Updated: Wednesday, January 13, 2010, 00:17
  
New Delhi: The crucial meeting of a key Cabinet committee to take decisions on checking the rising prices of sugar and other items was postponed for tomorrow.

"The meeting has been postponed because Finance Minister Pranab Mukherjee could not be present as he was tied up in meetings with visiting Bangladeshi Prime Minister Sheikh Hasina," the officials said. The meeting of the Cabinet Committee on Price (CCP) will be held tomorrow, they added.

The CCP meeting, to be chaired by Prime Minister Manmohan Singh, assumes significance and it is expected to take decisions on increasing the availability of sugar and other commodities to contain food inflation, which has soared to a decade's high of 20 per cent in the first week of December.

The retail sugar price has more than doubled from January 2009 and is currently inching closer to Rs 50 a kg.

Besides, prices of commodities like pulses, potato, onion and vegetables have been rising due to widespread impact of drought and floods in different parts of the country.

The ruling-Congress party has been advocating strong measures to check rising prices and provide relief to common man and party chief Sonia Gandhi had said the issue of price rise is of the "highest concern to us".

To contain spiralling sugar prices, the Food Ministry has proposed that the Centre should direct the UP government to lift the ban on processing of imported raw sugar.

It has proposed to allow UP millers to process imported raw sugar in some other states as nearly nine lakh tonnes of raw sugar is lying at ports.

-PTI


First Published: Wednesday, January 13, 2010, 00:17


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