What measures are in place to control price rise during the festival season
The government has implemented certain measures to curb price rise during the festival season. Analyze these measures and their effectiveness.
- Price monitoring: The government closely monitors the prices of essential commodities during the festival season. They keep a check on the prices of items like foodgrains, vegetables, and other consumer goods to identify any abnormal increase in prices.
- Stock availability: The government ensures sufficient stock of essential commodities by facilitating increased production, imports, and maintaining adequate reserves. This ensures a stable supply and prevents price hikes due to shortages.
- Crackdown on black market activities: The government takes strict actions against hoarders, black marketeers, and traders involved in unfair practices. This helps to curb artificial price inflation caused by these activities.
- Price caps: In some cases, the government may impose price caps or regulate maximum retail prices for essential commodities. This prevents excessive price hikes during the festival season.
- Promoting competition: The government encourages healthy competition among suppliers by facilitating fair market practices and eliminating any anti-competitive behavior. This helps to keep prices in check.
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a year ago