Second Meeting of Inter Ministerial Group(IMG) on Inflation Held; Intervention Required Only in Case Small Shortfall in Production Results in Disproportionate Increase in Prices of Food Items; Structural Improvements in System of Food Production and Delivery Required : Dr Basu

Second Meeting of Inter Ministerial Group(IMG) on Inflation Held; Intervention Required Only in Case Small Shortfall in Production Results in Disproportionate Increase in Prices of Food Items; Structural Improvements in System of Food Production and Delivery Required : Dr Basu https://www.taxtmi.com/news?id=1717 Government market intervention should be limited to cases where small production shortfalls cause disproportionate food price increases, signalling marketing system flaws. Structural reforms, including revising the APMC Act to foster competition and improve price discovery, enhancing retail efficiency, improving post harvest management (sorting, grading, crating, packing), developing grading and standards, instantaneous market information, and expanding early warning systems for horticulture, are prioritised to strengthen the food production and delivery system and reduce value erosion along supply chains. en-us Tue, 22 Mar 2011 19:03:36 +0530 Tue, 22 Mar 2011 19:03:36 +0530 TaxTMI RSS Generator Second Meeting of Inter Ministerial Group(IMG) on Inflation Held; Intervention Required Only in Case Small Shortfall in Production Results in Disproportionate Increase in Prices of Food Items; Structural Improvements in System of Food Production and Delivery Required : Dr Basu https://www.taxtmi.com/news?id=1717 Government market intervention should be limited to cases where small production shortfalls cause disproportionate food price increases, signalling marketing system flaws. Structural reforms, including revising the APMC Act to foster competition and improve price discovery, enhancing retail efficiency, improving post harvest management (sorting, grading, crating, packing), developing grading and standards, instantaneous market information, and expanding early warning systems for horticulture, are prioritised to strengthen the food production and delivery system and reduce value erosion along supply chains. News - Tue, 22 Mar 2011 19:03:36 +0530 https://www.taxtmi.com/news?id=1717