Govt sells subsidised tomatoes at Rs 60/kg in Delhi-NCR

Food and Consumer Affairs Minister Pralhad Joshi on Monday launched sales of tomatoes at a subsidised rate of Rs 60 per kg in DelhiNCR as part of the governments efforts to stabilise prices and provide relief to the common manThe National Cooperative Consumers Federation of India Ltd NCCF vans will provide tomatoes at a subsidised rate The tomatoes will be sold in Delhi along with Noida and Gurugram according to an official statementThe Centre undertook the market intervention initiative to stabilise rising tomato prices in the retail marketWhile addressing the media during the flaggingoff ceremony Joshi said the Department of Consumer Affairs has decided to launch this initiative to check the surge of tomato prices in major cities especially DelhiFrom today onwards subsidised tomatoes will be sold for Rs 60 per kg he saidVegetable vendors are selling tomatoes at Rs 70100 per kg in the national capital depending on the quality and locationsJoshi said the Centre has set up a Price Stabilisation Fund PSF to stabilise rising food prices and protect consumers interestsWhenever a situation arises price of essential commodities increases and we utilise the PSF to procure the commodities These essential commodities are directly procured from farmers that reduce intermediary costs and ensure availability to consumers he saidIn this case the minister said the PSF was not utilised as tomatoes were directly procured from mandis He further added that this initiative will ease tomato prices stabilise the market and provide tomatoes at a subsidised rate to consumersNCCF has initiated market intervention to stabilise rising tomato prices in the retail marketThe federation is procuring tomatoes from wholesale mandis and selling them at reasonable retail prices This move aims to ensure that profit margins remain reasonable at the retail level and prevent windfall gains to intermediaries and thereby protect the interests of consumersBy this intervention NCCF seeks to cool off price rise and maintain price stability in the market benefiting consumers and promoting fair trade practices This intervention demonstrates NCCFs commitment to protecting consumer interests and promoting a stable market ecosystem the statement saidThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever