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India


Govt goes into firefighting mode after WPI shows spike in pulse, vegetable prices

Govt goes into firefighting mode after WPI shows spike in pulse, vegetable prices

New Delhi, Jun 15 (UNI) After the WPI data showed a sharp rise in price of food items like pulses and vegetables, the government today swung into action to do the firefighting. Finance Minister Arun Jaitley held an emergency meeting with ministries concerned to discuss ways to check the price rise. After holding discussions with Mr Jaitley, Minister of Food and Public Distribution Ram Vilas Paswan said the government will import more pulses to bridge local supply constraints, and is building buffer stocks. It has released 10,000 tons of pulses to states at price of Rs 120 a kilogram. He, however, said recent spike in vegetable prices such as that of tomatoes is temporary. Mr Paswan told reporters that the government was “conscious” of the recent surge in food prices and would not let prices of pulses rise further. India will import pulses from Myanmar and a government panel will visit pulse-producing countries to explore more import options, a senior finance ministry official said. Meanwhile, procurement of winter-sown pulses has reached 64,000 tonne as on June 13, according to government data yesterday, taking total domestic procurement of pulses by government agencies to 1.15 lakh tonnes. India’s June-September south-west monsoon rains are expected to advance over central India next week. The RBI left key rate unchanged in its latest policy review meet early this month while waiting to see how monsoon pans out. UNI NM SW SB 1927

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