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| Keep food prices under check | | |
The rising food prices are drilling a hole in the common man’s pocket and have become a concern for him. These prices need to be checked to allow a common person to survive.
One of the main reasons for the price hike is the non-regulation of the prices by the Department of Food Civil Supplies and Consumer Affairs (FCSCA) is blamed.
The pandemic hit-economy has added to the woes of a common man. Inflation has been rising steadily this has led to prices of daily need items witnessing a spike. A closer look at the Consumer Price Index shows that while prices in the food and beverages group rose, vegetables posted a marginal gain. The rise in prices is primarily attributed to the demand and supply principle. However, it is not the only factor that decides the prices in contemporary markets across the globe. There are other variables that impact the prices and include malpractices which greatly affect the pricing.
Hoarding, artificial scarcity, and monopoly can cause prices to rise to the disadvantage of the common people. The other contributing agents include cartels. These factors hit the common consumer hard. In order to overcome the problem of prices of food items the government needs to focus on the concept of liberal trade and free marketing needs encouragement. Another factor that needs to be addressed is an unhindered accumulation of huge capital in the hands of a few manufacturers. This pushes a common customer into jeopardy. The prices are fixed without any regard to the impact it has on the common consumer.
The need of the hour is to streamline the markets especially in controlling factors that are associated with pure malpractices by some unscrupulous people. The district administrations can play a vital role in checking the prices of the essential commodities. The market checking squads can ensure that the shopkeepers and the vendors strictly follow the rate list. The officials need to exert their authority to make the sellers fall in the line. There is a full-fledged department, tasked with the duty of managing the prices of essentials and it needs to lead from the front. A common man needs help and respite. He is finding it hard to manage his daily expenses as the cost of living has increased but his wages continue to be the same. |
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