PM vows action against hoarding, black-marketing

08 Aug 2009

1

The prime minister has asked the states to "take strong action against hoarders and black marketers," and said the centre would ensure that there is enough stock of foodgrains in the country.

"Of late, we have seen a rising trend in the prices of certain essential commodities like pulses, sugar and some vegetables. In order to contain increase in prices of essential commodities, the centre and the state governments will have to work together and activise the public distribution system,' the prime minister said.

"We will also have to ensure effective enforcement of stockholding limits and strong action against hoarders and black marketers," he added.

"We should not hesitate to take strong measures and intervene in the market if the need were to arise," he told a meeting of states chief secretaries in New Delhi today.

He said that the situation arising out of the delayed monsoon in the country should not be allowed to turn into a calamity and this must be avoided at all costs.

"Today the country is facing a difficult situation. The monsoon has been delayed and in many places it has been deficient, though some parts of the country have received normal or excess rainfall. Agricultural operations have been adversely affected in several parts of the country causing distress to farmers and their families. A deficit of more than 6 million hectares has been reported in paddy, which is the worst affected crop," the PM said.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers