Monday, November 14, 2011

Price controls are back?

The Andhra Pradesh government has announced its decision to set up a price monitoring committee to control inflationary pressures.

Taking serious note of the rise in the prices of essential commodities, Mr. Kiran Kumar Reddy announced plans to form a price monitoring committee to tackle the situation. The new mechanism will not only deal with people involved in hoarding and black-marketing of produce with an iron hand, but also play a key role in fixing prices.

"Fixing prices"? Hmm!!


Anil Nilugonda said...

good one..fixing prices..committees Lol..

Anonymous said...

I thought YSR was India's worst CM. Kiran Kumar seems to be giving the dead guy a run for his money (which could be in billions for all we know)