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Left Front’s Suicide Pact

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The CPI-M offers its prescription for the rising cost of commodities in India:

  • Strengthen the Public Distribution System by universalizing it; restore the cut in food grain allocations to the states under the PDS; include 15 essential commodities including pulses, edible oil, and sugar in the PDS.
  • Put curbs on procurement of foodgrains from farmers by private companies and traders.
  • Ban futures trading in 25 agricultural commodities as proposed by the Parliamentary Standing Committee on Food, Consumer Affairs and Public Distribution.
  • Cut customs and excise duties on oil and reduce retail prices of petrol and diesel.
  • Take stringent action against hoarding of essential commodities; strengthen the provisions of the Essential Commodities Act to empower state governments to deal with hoarding and black-marketing.
  • The present requirement of declaration of stocks of foodgrains of 50,000 tonnes and above held in godowns and warehouses should be lowered to 10,000 tonnes.

It’s a recipe for disaster, if you ask me. Government intervention, of any kind, may be a viable short-term solution, but in the long-term it will only end in disaster.

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Written by niraj

April 25th, 2008 at 10:09 am

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