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Inflation hit a new high, reaching 6.8 percent at the end of June 2022. The reaction of the BoU was swift at the time and in July 2022, an unscheduled MPC increased the CBR to 8.5 percent, to...
The collector has also said that action against guilty persons in connection with black-marketing or hoarding of fertilisers would continue under the Essential Commodities Act.
The government's reply comes in response to petition filed in court in August. The reply ignores its own reports and its own perspective on the matter, maintained for three years.
They have also been booked under relevant sections of the Essential Commodities Act.
Essential commodities price hike: Whenever the price of a commodity increases in the local market, the traders and wholesalers have the readymade excuse of a price hike in the international market. But a recent study by an intelligence agency found their justification to be unsubstantiated.