PM calls for another meeting on rising prices
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New Delhi: Prime Minister Manmohan Singh has called for a second meeting in two days to tackle rising prices.
The food inflation figure has gone up from 14.44 per cent to 18.32 per cent last week.
The prices of onion, which is bringing tears to everybody's eyes, has gone up by a record 82 per cent over the corresponding period last year. And the vegetables are at an overall high of 59 per cent over the corresponding period last year.
Click to play videoNew Delhi: Prime Minister Manmohan Singh has called for a second meeting in two days to tackle rising prices.But sources say onions from Pakistan will arrive in India giving some respite. The first lot of 300 tonne of onions will reach via road through the Wagah border and another lot of 500 tonne will arrive via sea through the Mundra port.
In order to fight inflation, the Centre could give states credit to control prices if they are able to successfully deliver.
The Cabinet Committee for Economic Affairs' decision to hike above poverty line food grain is likely to be reviewed and could be reversed to bring relief.
Even a decision to stop sugar exports is likely to be forwarded to the empowered group of ministers (EGoM).
As Tuesday's high profile meeting on inflation remained inconclusive, Wednesday's meeting has been sched! uled at the level of Agriculture Ministry. Officials from various ministries would meet Agriculture Minister Sharad Pawar and Agriculture Secretary and will chalk a way forward. Once some plans to curb the inflation is chalked out, the Prime Minister will be briefed.
But the acrimony between the NCP and the Congress would act as a dampener in the war against inflation.
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