Price Rise or Inflation deeply effects the daily life of common man in India. Inflation is being considered as one of the biggest problem of India.
There has been a continuous rise in prices of essential consumer products such as grains, vegetables, cooking oil, etc.
The most obvious reason for price rise is the lack of availability of the goods in sufficient quantity. The government has inadequate mechanism to:
- increase the production of the essential commodities to meet the ever rising demands.
- fix and control the retail prices of these commodities.
- prevent hoarding of essential commodities by greedy traders.
In India, there are inadequate cold storage units to preserve perishable crops. These crops perish and the price increases for the lack of supply.
The measures taken by the Government to arrest the galloping price rise is not sufficient. The Government does not have the required mechanism to effectively intervene and control retail prices of consumer products.
It is suggested that a Central Ministry to deal with the problems of essential commodity prices, standardization, and inter-State trade should be created.
Also read:Essay on inflation in India
No single ministry is at present fully equipped to check the prices of specific consumer products. The Government’s effort to influence retail prices by fiscal and monetary measures are only partially effective. Hence modifications in the distribution structures of consumer products were needed.
The Government has been accused of taking up the price issue in a leisurely manner. Central Government should give instructions to the STC, the FCI and the Civil supplies departments to speedily assist fair distribution of commodities.
The public distribution system is “totally unorganized” and the Kendriya Bhandars are not functioning properly at all. Most of the essential commodities are not readily available in the Government stores and consumers do not get the worth of their money.
Hundreds of medicines, which are banned in many foreign countries, are openly being sold in our country.
During the last few years, prices of many life-saving drugs had registered a rise. All drugs must be controlled by the Government.
The bureaucrats, businessmen, politicians and the consumers should come together to fight against the problem of price rise in India.
Last Updated: 18.03.2015
Category: National Issues of India
Rising Food Prices Essay
1510 Words7 Pages
Rising Food Prices
Food prices have been on the rise and have become a global issue. Prices have soared over the past year and a half and threaten to go up further if issues are not addressed immediately. Below is a look at how prices have been over the past year. Figure 1. FAO Food Price Index: February 2007 - January 2008
Source FAO, 2008
In this project, we attempt to find out the causes for this price rise, the trends of the rise and the effects that this rise has had on us.
1. High demand for food in developing countries:
The growing world population is demanding more and different kinds of food. Rapid economic growth in many developing countries has pushed up consumers' purchasing power, generated…show more content…
Drought has already led to significant changes in Australia's agricultural trends. Some farmers are abandoning rice, which requires large amounts of water, to plant less water-intensive crops like wheat or, especially in southeastern Australia, wine grapes. Other rice farmers have sold their fields or their water rights, usually to grape growers.
Scientists and economists worry that the reallocation of scarce water resources — away from rice and other grains and toward more lucrative crops and livestock — threatens poor countries that import rice as a dietary staple. As we see in this data, since grape production gives the farmers more profit they are turning to grape production instead of rice. Things like this are causing rice prices to go up tremendously.
Even with the recent doubling of rice prices, to around $1,000 a metric ton for the high grades produced by Australia, it is even more profitable to grow wine grapes.
3. Rise in oil prices and effect on food prices
Oil prices have risen exponentially in the last few years and this has had a tremendous effect on the food prices. Oil prices have increased by more than 4 times in the last 6 years. This means that it costs four-times as much to plant, irrigate, harvest and transport as it was six years ago. 4. Policy effects
Many countries are taking steps to try to minimize the