July 09, 2026 05:14 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Dalal Street bleeds! Sensex tanks over 1,600 points after Trump declares Iran ceasefire 'over' | 'It's over': Trump says on ceasefire with Iran | PM Modi visits 1,000-year-old Prambanan Temple in Indonesia, shares majestic aerial view of the holy site | Baruipur minor rape-murder case: Key accused Pravash Mondal killed in encounter | 'We have been cheated': Egypt coach slams refereeing after Argentina match sparks controversy | From 0-2 to victory! Argentina stage miraculous comeback amid referee drama to crush Egypt's World Cup dream | Amid outrage over Baruipur, another minor girl allegedly raped in West Bengal | Kerala rain fury: 2 dead, 10 feared trapped as massive Wayanad landslide triggers rescue race | Rick Scott revives Bin Laden issue, questions Pakistan's credibility as Iran mediator | Mbappé vs Paraguayan Senator: Ugly World Cup spat spirals into international controversy

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