Increasing MSP of various crops will also increase inflation

New Delhi: Leading traders have expressed fears of rising inflation in the near future as the government recently announced an increase in the MSP (Minimum Support Price) for rabi crops for the 206-2 marketing season.

The government has increased the MSP for lentils by Rs 200 and chickpeas by Rs 150. This is the second increase in MSP in a short period by the government. The farmers' movement and the Uttar Pradesh elections have been blamed for the government's move. The government wants to make the farmers happy through this move.

On the other hand, the government's move has left traders worried. On the one hand, the government is talking about controlling inflation and on the other hand, it is announcing an increase in prices itself. Following the government's announcement, various items will be available in the market at a higher price than the government price.

Thus, the government takes steps to control inflation, punishes stock limits and traders, and on the other hand, the government itself takes steps to increase prices. Thus, the business community believes that this double standard will increase the burden on the people.

The stock limit on edible oils will be enforced

The Government has informed all the State Governments as well as the Union Territories in writing to implement the stock limit on edible oils as per the State. According to the government, oil prices are still high in the market despite the recent reduction in import duty on edible oils.