TaxTMI 
TaxTMI 
Measures Taken by Government to Protect Consumers from Price Rise
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....easures Taken by Government to Protect Consumers from Price Rise <br>News and Press Release<br>Dated:- 27-2-2013<br><BR>The Government has undertaken various measures to insulate the vulnerable sections of society from price rise. * The central issue prices(CIP) for rice (at Rs. 5.65 per kg for below poverty line(BPL) and Rs. 3 per kg for Antodaya Anna Yojana (AAY) families) and wheat (at Rs. 4.....
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....15 per kg for BPL and Rs. 2 per kg for AAA families) have been maintained since 2002. * Under the targeted PDS(TPDS), allocation of foodgrains is being made to 6.52 crore AAY and BPL families at 35kg per family per month at a highly CIP. * The government has allocated rice and wheat under the Open Market Sales Scheme(OMSS). * The scheme for imports of pulses which envisaged imports for distr....
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....ibution of BPL households through the PDS with a subsidy of Rs. 10 per kg operated from November 2008 to June 2012. The government has decided to implement a varied form with a subsidy element of Rs. 20 per kg per month for BPL cardholders for the residual part of the current year. * The Scheme for Distribution of Subsidized Imported Edible Oils has been implemented since 2008-09 through state/u....
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....nion territory(UT) governments for distribution of 1 litre per ration card per month with a central subsidy of Rs. 15 per kg. The scheme has been extended up to 30 September 2013. Fiscal measures * Import duties for wheat, onions, pulses and crude palmolein were reduced to zero and 7.5 per cent for refined vegetable and hydrogenated oils respectively. * Duty-free import of white/raw sugar was....
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.... extended up to 30 June 2012. Presently the import duty has been fixed at 10 per cent. Administrative Measures * Ban on exports of onions was imposed for short periods of time whenever required. Exports of onions were calibrated through the mechanism of minimum export prices(MEP). * Future trading in rice, urad, tur, guar, gum and guar seed was suspended. * Exports of edible oils (except co....
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....conut oil and forest-based oil) and edible oils in blended consumer packs up to 5kg with a capacity of 20,000 tons per annum and pulses (except Kabuli chana and organic pulses and lentils up to a maximum of 10,000 tones per annum) were banned. * Stock limits were imposed from time to time in the case of select essential commodities such as pulses, edible oil, and edible oilseeds and in respect o....
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....f paddy and rice up to 30 November 2013. Budgetary and other measures * The government launched a National Mission for Protein Supplements in 2001-12 with an allocation of Rs. 300 crore. To broaden the scope of production of fish to coastal aquaculture, apart from fresh water aquaculture, the outlay in 2012-13 was stepped up to Rs. 500 crore. Recently the government permitted FDI in multibrand ....
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....retail trading. This will help consumers and farmers as it will improve the selling and purchasing facilities. Monetary measures * The RBI had also taken suitable steps to contain inflation with 13 consecutive increases by 375 basis points(bps) in policy rates from March 2010 to October 2011. DSM/UM/RC/RV (Release ID :92598)<BR> News - Press release - PIB....