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Essential commodities prices to be monitored closely: Cong

Last Updated: Wednesday, December 2, 2009 - 19:30

New Delhi: The Congress on Wednesday welcomed the
high GDP growth rate of 7.9 per cent during the second quarter
of the year but said prices of essential commodities and food
items need to be monitored closely.

"We welcome the encouraging signs in economy shown by
the projected growth rate... However, prices of essential
food items still need to be monitored closely by the
government and along with the state governments, steps need to
be taken," party spokesperson Jayanthi Natarajan told
reporters here.

She said the economy growing by a significant 7.9 per
cent in the second quarter, up from 6.1 in the previous
quarter, gives a clear indication of "success" of the measures
taken by the government, particularly stimulus packages.

The spokesperson said despite global downturn, the
growth rate has defied predictions to project a much more
positive outlook.

On rising prices of food items and essential
commodities, Natarajan said "strict action needs to be taken
against hoarding and steps for strengthening the Public
Distribution System".

She expressed confidence that with the measures taken
by the government, prices of food will remain stable and in
the reach of the common man.

To a query if the party was satisfied with the steps
taken by the UPA government to check the prices, she said, "I
do believe, the UPA government is taking all steps".


First Published: Wednesday, December 2, 2009 - 19:30
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