“The government is seized of the difficulties, which arise due to shortage of perishable goods, which are not grown in
India’s retail inflation has declined from an average of 6.8 per cent in April-December 2022 to 5.5 per cent in the corresponding period of 2023. The retail inflation is now stable and within the notified tolerance band of 2 per cent to 6 per cent.
The minister said that in order to check the volatility in prices of onion, the government has progressively increased its buffer size from 1 lakh metric tonnes (LMT) in 2020-21 to 7 LMT in 2023-24. As of February 3, 2024, a total of 6.32 LMT of onion was procured, and 3.96 LMT of Grade-A onion was released through retail sales, e-Nam auction and bulk sales.
“Currently, steps are being taken so that the preservation of very highly perishable commodities, like onion, can be improved,” she said, adding lots of steps have been taken by the government, particularly for meeting the shortage in supply of perishable goods.
Sitharaman said India has imported 8.79 lakh metric tonnes of
India has also brought the branded ‘Bharat Dal’ through which Chana Dal is made available at Rs 60/kg for one kg pack and Rs 55/kg for 30 kg packs. 2.97 lakh metric tonnes of Chana have been sold already as of January 30, 2024. ‘Bharat Dal’, which is coming at a concessional price, is available in all retail markets.
“Since we don’t grow enough pulses in the country and due to a shortfall in supply, prices of pulses normally keep fluctuating, for which, by analysing the crop estimates, we start tying up for imports,” Sitharaman added.
Retail inflation, based on the Consumer Price Index (CPI), in December 2023, stood at 5.69 per cent.