States should join hands to fight inflation: West Bengal FM
January 18th, 2010 - 12:31 pm ICT by ANISiliguri, Jan 18 (ANI): West Bengal Finance Minister Asim Dasgupta has said States should join hands to fight inflation.
Talking to reporters on the sidelines of a function here on Sunday, Dasgupta said: “The invoking of a tough commodities prices act to check spiralling price rise would succeed only if all states acted together.
“If the Essential Commodities (Act) has to be enforced, the problem is if only one state does it in an isolated manner there is a repercussion from the trading units. So all concerned states need to act in a coordinated and united manner, so that can only be done by the coordinated role of the government,” he added.
The prices of basic commodities mainly sugar, pulses and potato has touched a new high. The wholesale price inflation surged to more than a year’s high of 7.31 per cent in December on higher food prices.
The rise was driven by near 20 percent jump in food prices, which rose on weak monsoon rains and flooding in parts of the country, but inflation in manufacturing products picked up to 5.2 percent from 4 percent in November, a sign that inflationary pressures were spreading to other sectors of the economy.
The government ordered this week the sale of stocked grain and extended duty-free sugar imports by another nine months, hoping to rein in high food inflation.
Last year, the worst monsoon in 37 years ravaged cane fields, creating a sugar shortage for the second consecutive year. (ANI)
- Manmohan Singh meets Chief Ministers over price rise - Feb 06, 2010
- Protest in Manipur over price rise - Apr 09, 2010
- Manmohan Singh to preside over price rise meeting - Apr 08, 2010
- Higher food prices push inflation to 9.73 percent - Nov 14, 2011
- Congress Working Committee discuss price rise issue - Feb 05, 2010
- BJP slams government on price rise - Jan 18, 2010
- Food inflation dips to six-year low, relief for consumer (Second Lead) - Dec 29, 2011
- Food inflation dips to 0.42 percent; WPI may fall to 6 percent: Pranab (Lead) - Dec 29, 2011
- High price of essentials hits average Indian in metros - Aug 28, 2011
- Government faces opposition heat over inflation - Dec 08, 2011
- Left activists court arrest against price rise - Apr 08, 2010
- Food inflation falls to 8 percent; to drop further: Pranab (Lead) - Dec 01, 2011
- Manmohan Singh predicts improvement in spiraling prices - Feb 05, 2010
- No direct link between rate hike and inflation: Pranab - Nov 29, 2011
- Left parties protest against price rise - Apr 08, 2010
Tags: 37 years, asim, cane fields, commodities act, commodities prices, dasgupta, finance minister, food prices, inflationary pressures, manufacturing products, monsoon rains, price inflation, pulses, repercussion, role of the government, sectors of the economy, siliguri, sugar imports, west bengal, wholesale price