Despite the current Indo-Pake tensions, there is currently no visible signs of food inflation in India, a manager of the Ministry of Finance said on Friday. He added that government representatives closely monitored the situation to ensure that market conditions remain stable, they added. This is crucial because concerns about geopolitical risks could have an impact on interior price levels, especially in essential products.
The official said that the Ministry of Finance was on alert, keeping a vigilant eye on how conflict climbing can affect various sectors, including supply chains and overall economic performance. The Minister of Finance is particularly concerned about the risks of climbing tensions, which could potentially disturb economic stability, especially in regions close to conflict areas.
According to BT TV sources, the center has communicated to the public that there is an adequate supply of vegetables, pulses and essential articles in the country. The senior government officials assured BT TV that they supervised and managed the supplies closely to avoid any disturbance, especially in urban areas.
According to reports, the center has taken proactive measures by launching consultations with state food secretaries and the main stakeholders from Friday.
An interministerial panel met on Friday to assess the availability of goods, including fertilizers and cereals, while millions of farmers are preparing to plant kharif or crops crucial for food security in the most populated nation in the world.
This meeting follows a high -level discussion led by Prime Minister Narendra Modi, involving the main bureaucrats of various departments to ensure the stability of prices and actions.
In the wake of India missile strikes on Pakistan in response to terrorist attacks in Pahalgam, the government has communicated with the main committees of the agricultural products to prevent any unjust price increase, according to a government official.
It is planned to invoke the law on the maintenance of essential services (ESMA) if necessary to maintain supplies, as indicated.
In certain regions of the North, such as Jammu, Jaipur and Srinagar, there have been cases of people storing goods for fear of shortages resulting from the ongoing military actions.
The main objective is to align supply logistics, prevent hoarding and treat profit in the midst of an increase in public discomfort. States will be strongly encouraged to combat disinformation, ensuring that false rumors of food shortage do not encourage panic purchases.
This update on food supplies is supplemented by the assertions of the main fuel retailers in the country’s public sector, affirming the stability of fuel stocks and the normal operation of supply chains.
Indian Oil Corporation has confirmed that there is an abundance of national fuel stocks and that supply operations work without any disturbance. They stressed on social media that it is not necessary to buy panic because the fuel and the LPG are easily accessible to all their points of sale.
In a similar declaration, Bharat Petroleum Corporation Limited (BPCL) reassured the public that there is no reason for alarm or precipitated purchases, because all retail and GPL points of sale are fully supplied and ready to meet energy needs.
“All BPCL fuel stations and GPL distributors, through its national network, work smoothly and are fully equipped to meet the energy needs of consumers. There is no source of concern or purchase of panic. Our customers of the supply chain remain robust and effective, remain severe in its commitment to access energy and recovery,” said the company.
