What steps are in place to check price rise during festival season
Centre assures measures to control price rise during festival season.
- The government conducts regular monitoring and surveillance of prices of essential commodities before and during the festival season.
- Price stabilization measures are implemented to ensure that the prices of essential commodities do not rise unreasonably. This can involve releasing buffer stocks of essential commodities to the market.
- The government imposes strict regulations on hoarding, black marketing, and artificial price manipulation during the festival season to prevent undue price inflation.
- The government may also introduce price control mechanisms, setting limits on the maximum retail prices of essential commodities to ensure affordability for consumers.
- Efforts are made to increase the supply of essential commodities through imports, if necessary, to meet the increased demand during the festival season.
- The government works closely with state authorities and cooperates with industry bodies to ensure effective implementation of price control measures.
- Public awareness campaigns are conducted to educate consumers about fair prices and how to report instances of price gouging or unethical market practices.
- The government also encourages the use of online platforms and e-commerce to provide consumers with access to a wider range of options and competitive prices.