A new initiative taken by the Government is the setting up of Price
Stablisation Fund (PSF) a Central Sector Scheme, being implemented by
the Department of Agriculture & Co-operation (DAC) with a corpus of
Rs.500 crore. The scheme is expected to help in regulating price
volatility of agricultural and horticultural commodities both when there
is price rise or vice-versa. Initially the support is for procurement
of onion and potato only.
The Government closely monitors the wholesale/retail prices of 22 select essential commodities based on information received from 68 reporting centres across the country.
There is a Committee of Secretaries (CoS) on Prices set up by the Cabinet Secretariat to review the prices of essential items, and to suggest possible policy interventions for implementation.
The Government closely monitors the wholesale/retail prices of 22 select essential commodities based on information received from 68 reporting centres across the country.
There is a Committee of Secretaries (CoS) on Prices set up by the Cabinet Secretariat to review the prices of essential items, and to suggest possible policy interventions for implementation.