Govt to strengthen PDS as remedy to price rise

Last Updated: Friday, December 11, 2009 - 20:35

New Delhi: Concerned over rising prices of
essential commodities, the Government today said it would
strengthen and improve the public distribution system (PDS) to
protect the interest of consumers.

"To insulate (common man) from the adverse impact of
price rise we are improving the PDS system...this year the
prices have not come down after the festival season," Finance
Minister Pranab Mukherjee said while replying to a discussion
on the first batch of supplementary demands for grants in the
Lok Sabha here.


According to recent data, food inflation during November
shot up to over 19 per cent, the highest in the decade.

Attributing rising prices to shortage of supply,
Mukherjee said, "the price rise is not because of demand
management... edible oils, sugar and pulses are the things
most affected by the price rise."


The Minister also recalled various steps taken by the
government to improve supplies of essential foods items like
pulses and sugar, the prices of which have shot up
significantly during the course of the year.


The supplementary demands for grants, which was approved
by the Lok Sabha, seeks to raise public expenditure by Rs
25,725 crore, over and above what was approved by Parliament
during the budget.


PTI



First Published: Friday, December 11, 2009 - 20:35

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