More budget allocation for price stabilization fund to check prices of essential commodities

Minister of Consumer Affairs, Food and Public Distribution, Shri Ram Vilas Paswan has said that significant increase in budget allocation for price stabilization fund, from Rs. 500 crore to Rs. 900 crore, is a determined step to contain the prices of essential commodities, especially of pulses. He said also the transfer of the fund to Consumer Affairs Ministry shows that the Government is very sensitive to keep the prices of these commodities under check. Reacting to the budget proposals for 2016-17, here today, Shri Paswan said more incentives proposed for the production of pulses will help farmer and consumers both.

Shri Paswan said that massive budget increase in the farming sector and initiatives for integrated agriculture market should be welcomed by all. He appreciated Finance Minister for significant increase in allocation for women, children, SC/ST, and disabled.

Outlining plans of ministry, Shri Paswan said that a time bound action plan to ensure "Minimum Government and Maximum Governance in various programmes has been prepared. By March 2017 "Point of sale devices" will be installed to automate three lakh ration shops in the country. In order to ensure transparency and reach to more farmers, procurement operations of FCI will be made online within this year.

Source : Equity Bulls

Keywords