Jain Writes to PMO over Rising Prices, Suggests Measures

Bhopal  —  Expressing shock over the continued silence over the unprecedented price rise, Minister of State for Food and Civil Supplies Paras Chandra Jain has cautioned that a failure to launch immediate crisis management efforts could see the situation assume serious proportions.

In a letter to Prime Minister Manmohan Singh, Jain has also suggested measures for the control of prices. The letter was faxed to the PMO.

According to a media release issued here, Jain held the statements being issued by Central leaders about dearness and present policies responsible for unprecedented price rise.

He has urged the Prime Minister to control the situation immediately.

Suggesting measures to curb prices, Jain has called for the exclusion of wheat, rice, pulses and sugar from futures trading. Every sugar mill should be made to sell 25 percent of its allotted quota per month, only sugar licence holders should be eligible for presenting tenders and mill management should not be allowed to change of name after presentation of tender.

Jain has said that no one should be permitted to present a tender for more than 1000 quintals of sugar. Similarly, permission should not be granted to store sugar in duty-paid godowns outside sugar mills after payment is made against delivery.
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