Centre bending down for curtailing price rise
Aftermath of the budget has led the Union Finance Minister; realize that the supply constraints, mostly in the food items which have inclined the inflation level a step forward.
In a media meet on the Platinum Jubilee celebrations of the Reserve Bank of India, Mr. Pranab Mukherjee expressed that the shortage in the supply of such items has pushed the prices of pulses and sugar going on a steep note. He also expressed that the prices of wheat and rice have also inclined in order to provide support to the farmers, which has led out cost-push inflation situation in the market.
However the Government has started pulling itself tight on the precautionary measures to stabilize the prices of food items. The inflation rate on the week ending 20th February has been noted a 17.86 per cent.
But on the safer side, if the government hasn't supported the farmers they would have opted for any other crop keeping the cost in mind, other than producing the food crops. Although the inflation is on a high note but the same had also led to a full stock of food items in the market.