New Delhi, Jul 8 (KNN) The Government has taken various steps recently to contain price rise in essential commodities such as reducing import duties to zero for wheat and onion, banning export of edible oils and imposing stock limits on certain essential commodities. Minister V.K. Furthermore, dominating the market is an abstract term where the luxury of time to find out is there is case of all other products, except those which are needed everyday to survive – essential foods etc. Already reeling under the stress of this week's petrol price hike, the steepest ever, consumers would now have to brace for a hefty rise in prices of essential commodities. A rise in prices, economists say, is a sing of development and prosperity. It now says that it is not only India where the prices are rising, but that it is a global phenomenon. Local businesses who own the silos etc can control the local supply and hence local prices. PRICE HIKE Prices are ever on the increase. But the prices have kept rising, and the government has changed its stance. RISING PRICES. Singh flayed for his alleged anti-Dalit comments As a result, the majority of people who have meager salaries find it difficult to make their both ends meet. First, prices in uncontrolled sectors rise disproportionately. There are certain disadvantages of this method of allocation.
The Essential Commodities Act,1955 has been made to control the black marketing and hoarding og essential commodities in the country, Read this article … Traders say prices of edible oils, pulses and spices - essentials in Indian recipes - could rise by 3-5 per cent as early as next month, as a pummeled rupee drives up the cost of imports. It has crushed the common man. But during the last two decades, prices of almost all the essential commodities have been increasing at an alarming rate. Essay on “Rising Prices or Price Hike” Complete Essay for Class 10, Class 12 and Graduation and other classes. During last few months, prices of essential commodities have shot up. ADVERTISEMENTS: We cannot imagine where this price rise will stop. This rising trend continues unchecked. Only two months ago, the union government assured us that it had taken all necessary measures to bring the price situation under control, and that very soon the prices of essential commodities would return to normal. OR . But rationing and control is not possible in case of all commodities. Price control-cum-rationing is imposed in case of essential commodities to suppress the effects of inflation. It seems there is no system to check the unusual price rise.