BUSINESS

Pulses at Rs 170/kg! What is Modi govt doing about it?

Source:PTI
June 15, 2016 20:25 IST

Food Minister Ram Vilas Paswan sought to shift the blame on states saying they are equally responsible for keeping the prices of essential commodities under control

With prices soaring to as high as Rs 170 per kg, the government, on Wednesday, went into a huddle at the top level and decided to import pulses from Myanmar and Africa and beef up buffer stocks to check the spike.

With government under attack, Food Minister Ram Vilas Paswan sought to shift the blame on states saying they are equally responsible for keeping the prices of essential commodities under control.

At the high-level meeting, Finance Minister Arun Jaitley discussed ways to control prices with Agriculture Minister Radha Mohan Singh, Food Minister Ram Vilas Paswan, Commerce Minister Nirmala Sitharaman and Urban Development Minister M Venkaiah Naidu.

The government is concerned about the prices of pulses ruling at a high of Rs 170 per kg and a spike in tomato prices to Rs 100 a kg.

The reasons for the spike in prices and possible options available to check the same were discussed at the meeting, sources said, adding the supplies were short of demand about 70 lakh tonnes.

Among the options discussed were releasing more pulses from the buffer stock whenever there is a demand from the states as well as importing pulses from Myanmar and Africa to deal with the price rise.

"In the meeting, the pulses issue was discussed in detail. Our department was told to procure more pulses for buffer stock," Food Minister Ram Vilas Paswan said.

This year's target is to procure 150,000 tonnes of pulses for buffer stock creation and so far, 115,000 tonnes have been purchased during the kharif and rabi seasons, while the rabi procurement is still going on, he added.

To boost domestic supply, Paswan said, "The finance minister also said that imports via public and private agencies should be strengthened to meet the deficit."

The government has decided to send a team immediately to pulses-growing nations like Myanmar and Africa to explore government-to-government imports, the food minister said.

Photograph: Amit Dave/Reuters

Source: PTI
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