The Hindu Business Line : States told to fix stock limit for cereals, pulses

Sivaganga March 17 States have been told to fix stock limit for wheat, rice and pulses and initiate measures to de-hoard stocks as a measure to control the rise in prices, the Finance Minister, Mr P. Chidambaram, said here on Saturday.

He said five States had responded and in Tamil Nadu, the State Government was yet to initiate the measures.

"The problem with pulses is that we are dependent on imports from Myanmar and Turkey and the harvests there have been poor this time. While our requirement is 1.6 crore tonnes, the production has been around 1.4 crore tonnes only. We need to raise the level of production within the country and crash programmes to produce more are being undertaken," he said, at a meet with the press.

Moderating inflation

While agreeing on the increasing trend in inflation for the past six weeks, he said a similar trend prevailed during 2000-01 for 48 weeks, of which the rate of inflation was above 7 per cent for 22 weeks.

The Reserve Bank of India had taken measures to control money supply and inflation would be moderated soon, he said.

On the increase in cement prices, he hoped mature industry leaders would take note of the Government's view and respond favourably.

More Stories on : Foodgrains | States | Wheat | Pulses

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States told to fix stock limit for cereals, pulses