30-07-2012, 01:41 PM
FOOD INFLATION-A Political Overview
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INTRODUCTION
Inflation is a state in which value of money is falling i.e. prices are rising.
World particularly India is facing a serious threat of ‘FOOD INFLATION’ which is not yet controlled.
SITUATION NOW IN INDIA
Food inflation – 18.32%
Area of concern for the government.
Vegetable prices have more inflated than the others.
Now tomato is the most costly vegetable.
WHY INFLATION IN INDIA?...
Low production and productivity.
Prevailing market inefficiencies-lack of coordinators effort in public requirement.
Poor distribution.
Wastage due to inadequate and poor storage facilities.
Inefficient public distribution system.
Hoarding of goods.
REMEDIES FOR INFLATION…
Release food grain stock
Faster distribution
Use of FER for bulk import of basic commodities.
Improve food production and productivity.
Promoting private sector participation in food grain management.
FDI in food retailing.