What is price rise? How it happed , what are the
steps taken to controlled price Rise?
Answers
Finance Minister urged that urgent and timely attention be given to all matters related to price rise
The Finance Minister, Arun Jaitley convened a high level meeting to discuss issues related to inflation and price rise of essential commodities. The key decisions of the meeting were:
1. Keeping in mind the increasing trend in the price of onions, Government imposed a minimum export price (MEP) of US $ 300 per tonne on the export of onions, which is expected to have a salutary impact on the availability of onions in the domestic market.
2. State Government of Delhi is being asked to consider to delist fruits and vegetables from the purview of the Agricultural Produce Market Committee (APMC) Act and to procure additional supplies of onions for distribution through Government's retail outlets.
Answer:
Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country.
There are at least four ways in which customers can respond to higher gas prices: downgrade from premium to regular; take fewer trips by car, consolidate errands, switch to public transportation; take the same number of trips but reduce the miles driven per trip by, for example, vacationing closer to home; drive more
Explanation:
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