www.expressindia.com - Weather | Horoscope | Stocks | RSS
expressindia web city
HomeBlogsCricketAstrology ShoppingTendersClassifieds Reader Comments Hotels
Sign In / Register | Archive
Expressindia » Story

Price rise: Old Act to get teeth to bite hoarders

Font Size

Express News Service

Posted: Mar 12, 2010 at 0251 hrs IST

Kolkata Even as the Left parties hold a rally in New Delhi on Friday in protest against the soaring prices, the state government is set to amend the West Bengal Anti-Profiteering Act, 1958, to add stringent punitive clauses to control hoarding and check rising prices of essential commodities.

The West Bengal Anti-Profiteering (Amendment) Bill, 2010 will be tabled in the House during the current Budget Session to add teeth to the original Act enacted in 1958, which does not have adequate provisions to penalise those who stockpile foodgrains and other essential commodities.

The state food and supplies department has prepared the Bill with separate clauses to intensify the drive against those dealers who store scheduled items illegally for profiteering. The Bill proposes up to two years of rigorous imprisonment for illegal storing.

Minister for Food and Supplies Paresh Chandra Adhikary said the government has proposed the amendment to the Act to combat the rising prices of some essential food items. He said the government has taken steps to maintain supplies of essential commodities and their equal distribution and availability at fair prices.

“In spite of our best efforts, rise in essential food prices could not be checked; rather, there is a gradual trend of increase. Under these circumstances, it has become necessary and expedient to amend the Act,” said Adhikary.

Sources in food and supplies department said according to the current Act, a wholesaler can be booked but there was no provision for penalising those who store goods apart from their own consumption. Once the Act is amended, such “storager” can also be booked.

CPM sources said the party has been insisting on changes in the Act for the last two years but it did not take place since the food and supplies minister is from the Forward Bloc. The Trinamool chief too seemed in favour of the amendment. “Only a change in the present Act could control the price rise,” said Partho Chatterjee, leader of the Opposition in the state Assembly.

Discuss this story on expressindia forums
Post Comments
Name* Email ID*
Subject* Country*
Message*
Characters remaining
 
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
I agree to the terms of use.

Latest News

Business

Showbiz

Sports

Cong MP Azhar slapped Rs 15 lakh as cost in cheque bouncing case

Badal looted Rs 10,000 cr to win Punjab: Manpreet

Anna Hazare had no role to play in UP elections: Hegde

Rahul Gandhi leaves it to Sonia to explain away poll debacle

Not Mulayam, SP workers want Akhilesh Yadav as CM

How Gabbar Singh, Bhutto bit the dust in UP polls

Congress, BJP's quota politics drove Muslims to SP: Mayawati

More
© 2011 The Indian Express Limited. All rights reserved
Advertise With Us | Privacy Policy | Feedback | Express Group | Site Map