What steps are in place to prevent price rise during the festival season
The government has implemented measures to control price rise during the festival season. What are these steps?
There are several steps that the government has taken to prevent price rises during the festival season. These steps include:
- Price Monitoring: The government closely monitors the prices of essential commodities and takes swift action against any unjustified price hikes.
- Stock Limit: Imposing stock limits on certain essential commodities helps prevent hoarding and ensures a fair supply in the market.
- Supply Management: The government ensures an adequate supply of essential goods by increasing production, importing necessary items, and distributing them efficiently.
- Market Intervention: In cases of abnormal price fluctuations, the government intervenes in the market by releasing buffer stocks or imposing export bans to stabilize prices.
- Public Distribution System (PDS): The PDS is strengthened during the festival season to provide subsidized essential commodities to economically weaker sections of society.
- Awareness Campaigns: The government conducts awareness campaigns to educate consumers about fair prices, quality products, and their rights as consumers.
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