The State Government has constituted a Group of Ministers (GoM) headed by Minister for Social Welfare Nadendla Manohar and comprising Payyavula Keshav (Finance), K. Atchannaidu (Agriculture) and Y. Satya Kumar (Health) as members and Former Secretary to Government (Consumer Affairs, Food & Public Goods) as member secretary.
The GoM is tasked with anticipating, identifying, monitoring and analyzing price increases of agricultural and other essential commodities, as well as recommending seasonal, short-term, medium-term and long-term strategies for production, supply, distribution, demand and prices. commodities, including proposals for changes in cropping patterns, imports, exports etc.
It will suggest to the government an effective response to correct the situation, and suggest policy measures such as restrictions, interventions and support/incentives etc. apart from suggesting ways to equitably distribute goods and commodities to ensure reasonable and affordable prices for consumers.
Also, the GoM will give recommendations on market intervention and the creation of a permanent Price Stabilization Fund, and examine and accept the recommendations of the State Level Officials’ Committee on Price Monitoring, Regulation and Market Intervention. The GoM will send its recommendations to the Council of Ministers for consideration.
Published – October 28, 2024 05:54 am IST