CM says market dynamics dictate price of essential commodities

Date:

Share post:

spot_imgspot_img

SHILLONG, July 3: Amid soaring prices of essential commodities, Chief Minister Conrad Sangma has said that the rise in prices depends on market dynamics while adding that the state government can only ensure supply of all essential commodities.
He added that the government is on the job to ensure that there is supply of all essential commodities in the state.
Stating that supply is the main reason for the skyrocketing prices, Conrad said that most of the prices are decided by market forces
It may be mentioned that prices of vegetables and fruits has skyrocketed in the country including Meghalaya.
It is said that the surge in prices in Shillong city particularly is due to the floods in Assam which have resulted in lesser stocks reaching the wholesale markets at a significantly higher cost.
Meanwhile, Chief Minister Conrad Sangma also said that the state government will support people with electric vehicles to run taxi services, especially in tourist areas.
He said that the state government is encouraging people to use electric vehicles.

spot_imgspot_img

Related articles

Historic cargo service between Kolkata and Nepal’s Biratnagar begins

Kathmandu, July 17: A first-ever rail cargo service between Kolkata and Biratnagar, an eastern city in Nepal, officially...

Arunachal cabinet clears Rs 7,834 crore package, major reforms

Itanagar, July 17: The Arunachal Pradesh Cabinet, chaired by Chief Minister Pema Khandu, on Friday approved a Rs...

Individual opinion, considerable variance with facts: MEA rejects former Japanese minister’s comment on bullet train

New Delhi, July 17: The Ministry of External Affairs (MEA) on Friday rejected comments made by a former...

Cong demands Dharmendra Pradhan’s resignation, accuses Centre of ‘apathy’ over Wangchuk’s protest

Mumbai, July 17: In a scathing attack on the Bharatiya Janata Party (BJP)-led government at the Centre, Maharashtra...