Fighting inflation: additional wheat to be released in open market

Fighting inflation: additional wheat to be released in open market
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First Published: Tue, Feb 20 2007. 05 07 PM IST
Updated: Tue, Feb 20 2007. 05 07 PM IST
PTI
New Delhi: Worried over rising prices, the government plans to release an additional four lakh tonnes of wheat in the open market besides extending the period of import of pulses at zero duty upto August 1 this year.
This was told by P. Chidambaram,Finance Minister at the meeting of the Congress Working Committee while explaining measures to contain inflation.
After a three-hour long working committee meeting,Janardhan Dwivedi, AICC General Secretary told reporters that the wheat will be targetted at those centres in different states where retail prices are high.
He said Chidambaram explained that at the initiative of the state agency NAFED, 49,300 tonnes of pulses have already been imported and a new contract of 30,000 tonnes signed of which 10,675 tonnes have been shipped to India.
Chidambaram said the government has been monitoring the price situation on a regular basis and the committee of secretaries use to meet on weekly basis.
He said the government had already banned exports of wheat.
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First Published: Tue, Feb 20 2007. 05 07 PM IST