Corruption biggest cause of price rise, says BJP

August 3rd, 2011 - 3:13 pm ICT by IANS  

Bharatiya Janata Party New Delhi, Aug 3 (IANS) The Bharatiya Janata Party (BJP) Wednesday mounted an attack on the government over rising prices of essential commodities, and said corruption was the biggest cause of inflation.

Initiating the debate on price rise in the Lok Sabha, BJP member Yashwant Sinha said the key to checking price rise was containing food inflation and checking corruption.

“Corruption is the biggest cause of price rise,” Sinha said.

The former finance minister said the government had huge stocks of food grain but it was not being given to the poor. The food grain are rotting in warehouses, he said.

“Why it is not being given to the poor?” the BJP member asked.

He said the government should bring 25 million tonnes of its stock of food grain to the market which will help bring down food prices.

Sinha said once food prices come down, it will also have an impact on prices of other commodities.

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