The
Union government has started a drive against black-marketers
to check prices of commodities going up relentlessly. After
receiving complaints against black -marketing of edible oils,
rice and other commodities this campaign has been started.
In New Delhi, around 200 places were raided and 79 cases were
registered against black-marketers. The team found 2.5 lakh
quintal rice at a godown and a big storage of edible oil was
uncovered. The strict action by the government against hoarders
and black-marketers is welcome. The Union Government last
days had given orders to the concerned authorities to adopt
tough measures against traders indulging in illegal storage
of commodities. Similar action against traders indulging in
corrupt practices all over India is desired. At present inflation
is a problem world over. Specially, in several poor and developing
countries the life of the common man has become difficult.
Even the United Nation's Food & Agricultural Organisation
has expressed concern over increasing inflation. Meanwhile,
commodity markets regulator Forward Markets Commission (FMC)
has said that futures trading in the US market was responsible
for rising commodity prices whereas the reverse is true in
India. "The bulk of inflation which is substantially
caused by commodities are not traded on our commodity exchanges.
Fruits and vegetables which are presently driving inflation
are also not traded on our exchanges," FMC Chairman BC
Khatua said. In fact, in India the situation of foodgrains
is not so bad. It can be controlled to an extent if action
is taken against the hoarders and black-marketers countrywide
strictly. Foodgrains of the country is being sent to Pakistan
and Bangladesh by smugglers. Rice is being sent to Bangladesh
illegally. As strict action being taken against the black-marketers
it would be also necessary to act against the smugglers of
eatable goods to neighbouring countries. The efforts of the
government in this direction are not so positive. Hence strict
action should be taken and prices of commodities brought to
reasonable levels.
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