No need to panic on price rise says FM

India Infoline News Service | Mumbai |

Jaitley said "There are reports of below normal monsoon this year."

Finance Minister Arun Jaitley reportedly said there is "no panic situation" and asked the states to take measures to crackdown on hoarding and black marketing to rein in prices.

"When production of food items is higher than last year and still prices rise, then it means that intermediaries are keeping the stock somewhere," Jaitley was quoted as saying.

Jaitley said "There are reports of below normal monsoon this year."

"Prices of some items had touched Rs 70-100 per kg last year. Prices are still lower this year. There is no panic situation," reports Jaitley.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.