Government to fix prices of essential items, even packed ones - News Summed Up

Government to fix prices of essential items, even packed ones


"Fine is not that big a deterrent as detaining the entire stock. The retailer cannot sell or dispose of the entire quantity under this law," said a source.He added that enforcement of these new norms will nullify the concept of maximum retail price (MRP) in case of essential commodities. "The government has been forced to look for such measures as abnormal increase in prices of pulses was artificially created," the source said.Last year, the Haryana government had fixed the MRP on pulses for retail sale. As per the law, states can take necessary steps to control the price at which essential commodities are bought or sold. This power has been delegated to states.


Source: Times of India September 11, 2016 21:29 UTC



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