CAA to probe whether concessions from budget are passed down to consumers

CAA to probe whether concessions from budget are passed down to consumers

Written by Staff Writer

30 Jan, 2015 | 11:38 pm

The Consumer Affairs Authority has established a committee to investigate whether the concessions granted to the people through the interim budget are being implemented in the retail market.

The assistance of field officers at divisional secretariats across the island, has also been obtained for this purpose.

The interim budget presented on Thursday reduced with immediate effect, the prices of gas, kerosene, milk powder, wheat flour, sugar, canned fish, green gram, black gram, sprats, coriander, turmeric and Maldive fish.

In most instances, consumers do not receive such concessions instantaneously.

The Director General of the Consumer Affairs Authority, J.M.A. Douglas says that constant inspections will be undertaken to prevent this from happening.

The Association of Wholesalers and Importers of Essential Foods says that they took steps to reduce wholesale prices, effective Friday.

However, when News 1st made inquiries, it was made evident, that issues have cropped up with regard to implementing the price reductions in the retail market.

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