Retail prices of sugar in India have just 2% annual inflation in last 10 years and about 6% inflation in last one year: Govt

Union Minister for Consumer Affairs, Food and Public Distribution, Textiles and Commerce and Industry, Piyush Goyal launched the sale of Rice under ‘Bharat’ brand and flagged off 100 mobile vans today.

While addressing the event, Goyal said the Prime Minister Narendra Modi is sensitive towards the needs of the people of the country. It is under his watch that price of essential commodities is being kept in check.

The Union Minister said the Government of India is committed towards welfare of farmers as well as people of the country. The Central government purchases essential commodities from farmers and sells them to consumers at subsidised rates whenever in need.

As per press release, government has shown unwavering commitment for welfare of sugarcane farmers as well as domestic consumers. On one hand, with payment of more than Rs.1.13 lakh crores to farmers, about 99.5% cane dues of last sugar season 2022-23 have already been paid leading to the lowest cane dues pendency in the sugar sector history. On the other hand, Indian consumers are also getting one of the cheapest sugar in the world. Retail prices of sugar in India have just 2% annual inflation in last 10 years and about 6% inflation in last one year.

GoI is committed to ensure the welfare of its farmers, PDS beneficiaries as well as ordinary consumers by ensuring minimum support prices for farmers, free rations (wheat, rice and coarse grains/millets) under PMGKAY for five years till 31.12.2028 for Antyodaya and Priority households, and fair and affordable rates of wheat, atta, rice, dal and onions/tomatoes as well as sugar and oil, for ordinary consumers.

(With inputs from PIB)

LEAVE A REPLY

Please enter your comment!
Please enter your name here