Crucial meeting on inflation today; government may remove agri cess, discuss ways to bring down cement prices

Amid soaring inflation, the govt will maintain a important assembly to focus on methods to arrest spiralling costs of commodities. The meeting, which is scheduled to be held at 5.30 PM on Thursday, will be executed beneath the leadership of cabinet secretary Rajiv Gauba.  

The federal government is mulling to eliminate agri cess for some time on many merchandise. Although it is also considering taking actions on Supply-Side Administration. Likewise, the Petroleum Secretary is most likely to give a report on gasoline and ethanol. The government could possibly also ponder techniques to lessen cement selling prices.  

The Cupboard Secretary had appranetly sought a report from the ministries anxious and a record of merchandise from the Ministry of Commerce on which export responsibility requirements to be reduced, documented Zee Enterprise Correspondent Ambarish Pandey. 

The conference would evaluate all commodities associated to PDS. Rice, pulses and gram are 

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Commerce & Market, Petroleum and Agriculture secretaries are expected to present the listing of commodities that call for revision in obligations. 

“A significant conference is known as on Thursday to explore inflation. The meeting will be held under the chairmanship of Cupboard Secretary, other than, DFPD, Commerce & Market, Purchaser Affairs, Petroleum, and Agriculture secretaries will also be current for the conference as very well as the Finance Ministry officers,”  said Pandey. 

The agenda of the assembly is mainly brainstorming on options to manage inflation, as the governing administration aims to minimize inflation by 70-80 basis factors, the Zee Enterprise report mentioned.    

It is learnt that the authorities could control exports on quite a few commodities in get to tame inflation 

The Cupboard Secretary had sought a report from the concerned ministries and also sought a listing of objects from the Ministry of Commerce on which export duty requires to be diminished, Pandey reported in his report.