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Ahluwalia hopes for relief from price rise in New Year | Admitting price rise in India has led to problems for the common man across the country, Montek Singh Ahluwalia, Deputy Chairman of Planning Commission of India,
has expressed the hope that there would be relief to the people by next month.
Ahluwalia visited Amritsar to inaugurate the three-day 69th Annual Conference
of the Indian Society of Agricultural Economics at Guru Nanak Dev University on
Thursday where he talked in detail about the 11th agricultural policy during his
address. Over 200 renowned agricultural economists and policy makers, including
delegates from agricultural universities, agricultural departments of State Governments,
officials from Union Ministry of Agriculture, members of Agricultural Price Commission,
former Vice-Chancellors and directors of various institutions are expected to
participate in the conference. Ahluwalia told media that food prices were likely
to come down by next month since the government was improving the supply
management
system. He claimed that the wholesales prices were not going high like being witnessed
in retail market. Rather inefficiency was noticed in the retails market. He, however,
said that the government was making the right efforts to check price rise. On
the issue of subsidy Ahluwaia said: "Neither we discontinue the subsidy nor we
cut it down due to political compulsions." He said if the resources are diverted
from granting subsidy to investment, the agriculture sector would get more benefits.
Ahluwalia informed that a substantial amount had been given in the form of subsidy
in fertilizer and power sector and said that for a better irrigation system it's
needed to improve water management by putting more investment in water management.
Dr. R.S. Bawa, an eminent economist and the Local Organizing Secretary of the
conference, in the conference said this three-day national conference is hosted
by the University under the auspices of its Punjab School of Economics in the
Guru Nanak Bhawan Auditorium of the University here to promote wider understanding
of the economic problems being faced by our rural society, in particular, and
the country, in general, among the economists and policy-makers. |
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