“We are committed to controlling skyrocketing prices of daily commodities. This action will continue in coming days too,” Pandey said at an interaction on price hike, organized here on Thursday by South Asian Free Media Association (SAFMA).
He also said the government would continue market intervention for some selected commodities. However, he did not divulge details of commodities
“We have yet to decide on these things. We will finalize the process of reining in the market prices once a panel, formed to study on it, submits its report,” said Pandey.
He also said around 15 to 20 businessmen were controlling the supply of essential commodities in the market.
“Market intervention is a must to break the cartel of those traders,” added Pandey.
In a bid to bring down the mounting prices of commodities in the market, the government had recently raided four major warehouses of essential commodities.
Jyoti Baniya, general secretary of Consumers´ Interest Protection Forum, suggested the government to sell essential commodities in the market by procuring them from the private producers.
Dr Yubaraj Khatiwada, vice-chairman of National Planning Commission, said restriction on the export of some food commodities by Indian government was one of the reasons behind the rise in market prices. “We have to request the Indian government to lift the ban during the Prime Minister´s upcoming India visit,” he said.
Dr Khatiwada heads the panel formed by the government to recommend measures to tame market prices.
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