December 18, 2025 02:56 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Indian Visa Application Centre in Dhaka shuts down early amid rising security concerns | Market update: Sensex tumbles 120 points, Nifty below 25,850 at closing bell | ‘Won’t apologise’: Prithviraj Chavan stands firm on controversial Operation Sindoor remark despite backlash | India summons Bangladesh High Commissioner after provocative 'seven sisters' remark | Amazon eyes $10 billion investment in OpenAI — a gamechanger for AI industry! | Goa nightclub fire horror: Luthra brothers brought back to India from Thailand, arrested | Messi chaos costs minister his job: Aroop Biswas resigns after Salt Lake Stadium fiasco | Bengal SIR draft list out: Around 58 lakh voters’ names dropped | Relief for Sonia, Rahul Gandhi as Delhi court refuses to act on ED chargesheet in National Herald case | Centre moves to replace MGNREGA with 'G Ram G', sets stage for winter session showdown

FM Arun Jaitley asks states to rein in hoarders to check food inflation

| | Jul 04, 2014, at 07:10 pm
New Delhi, July 4 (IBNS) Union Finance Minister Arun Jaitley on Friday said all state governments should use their full powers to rein in the hoarders and black marketeers who take advantage of the monsoon forecasts.

"The media reports that perhaps this year monsoon will be below average will be used by hoarders. I urge all the governments to use their full strength to keep price rise at check," said Jaitley addressing the food ministers of various states here. He will also meet them later.

Jaitley said in anticipation the states and centre should act instead of waiting for the prices of food to rise.

"The recent rise in prices in onions, potato, rice, milk, etc. has been witnessed. We have taken some measures too. APL, BPL families will get  50 lakh tonnes of  rice," he said.

He said  onions and potatoes were brought under the Essential Commodities Act, 1955, and the states can set limits of their stocking.

The FM said there was no panic situation but some are taking advantages and they should be strongly dealt with. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
RBI announces repo rate cut Jun 06, 2025, at 10:51 am
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm