Price band for commodities is proposed

Price band for commodities is proposed

“...a rational long-term framework needs to be developed, which balances the concern of poor consumers and producers to promote efficient growth and livelihood security,” it said.

“One possible approach is to have an announced price band for domestic prices within which imports and exports are freely allowed without any duties and controls,” it added.
“If international prices change beyond this band, domestic prices would be systemically dampened through imposition of variable import and exports duties, depending on whether global prices fell below the lower band or rise above the upper band, respectively,” it observed.

Press Trust of India

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