Cabinet approves concessions on 15 essential items

Cabinet approves concessions on 15 essential items

Cabinet approves concessions on 15 essential items

Written by Staff Writer

12 Jul, 2016 | 10:23 pm

The cabinet has decided to provide concessions to fifteen essential items including potatoes, dhal and sugar. These concessions will be provided by imposing a maximum retail price for these items.

A discussion was held on July 12,  between wholesale importers and several government ministers. A media briefing was also convened at the Ministry of Finance.

During the discussion, the wholesale importers pointed out that there is a wide disparity between the prices of wholesale and retail goods. The wholesale importers expressed the need for the government to  intervene to implement a programme to provide essential items to the consumer without any intermediaries.

It was decided at this discussion that by displaying the prices of the daily essential food items via the media, the consumer would receive the opportunity of purchasing these goods at a fair price.

According to The Minister of Finance Ravi Karunanayake, decisions taken at the meeting were based on three categories;

1. Further broaden the wholesale import trade and create an atmosphere where the government works closer with the private sector, which means getting down goods to the country at the lowest price.

2. Function in a manner which implements this categorisation.

3. Declare 15 items as essential items and impose a stipulated price for them and maintain it for an extended period of time.

Meanwhile P. Harrison, Minister of Rural Economy stated:

Measures have been taken to provide a controlled price for items such as sugar, dhal, mysoor dhal, potatoes, onions, chillies, canned fish, green gram, kidney beans, garlic, Urad dhal, coriander, cumin seeds, fennel seeds, chickpeas, soya, palm oil, dry fish, sprats, Maldive fish and turmeric.”

According to Minister P. Harrison, steps are underway to present the gazette notification in this regard either on July 13 or on July 14.

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