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Q.

Do think import of items (both food and industrial) will eliminate hoarding and black marketing when there is scarcity for these in India? How?

Asked by Good Citizen, 10 Jul '10 03:54 pm
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Answers (5)

 
1.

Theoretically speaking, import of any goods into India when there is scarcity of the commodity in th market due to hoarding, black marketing or fall in domestic production of the said commodity.If the move is to achieve the intended purpose, the price of the commodity has to be hovering around the ruling price prevailing, when prices began to move up due to shortage in the open market. For this, the commodity should be available at competitive rates in the international markets ( allowing room for the element freight charges ) and the rate of customs duty reduced or totally eliminated, to bring down the prices. This method has already been resorted to by the Govt earlier, successfully to interfere in the market. Appropriate measures have to be taken to see that the imported goods are also not hoarded by the whole salers..There will be loopholes in any system and plugging the loopholes to stall vested interests beating the system is the responsibility of the authorities concerned. Thi ...more
Answered by thampy chacko, 10 Jul '10 04:21 pm

 
  
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2.

I do not think there is any scarcity of any food item in India.The stocks are not handled and routed through proper channels and blacmarketeers & horders are encouraged by the govt.It was recently in the news that wheat worth Rs25crore was kept in the open by Food Corporatin of India and it was all spoilt due to the rains.Allowing import of any item only benefits the ministers and concerned officials who make a lot of illegal money in the deals!
Answered by HEMANT MEHTA, 10 Jul '10 04:07 pm

 
  
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3.

There is no scarcity in our country. The only scarcity is "planning" and "distribution" techniques. Many a times I have read in paper that "grain" worth Rs......crores spoilt due to faulty storage.
Answered by Burjor Tarachand, 10 Jul '10 04:05 pm

 
  
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4.

1)Mr. Thampy Chacko is right. The system works perfectly well only when the GOI acts as an honest interventionist in the market to stabilize the prices. That is a billion dollar question when you have Food Ministers like Sharad Pawar who tries to encash peoples hunger for food.
2)There is also truth in the views expressed by Mr. Hemant Mehta and Mr. Burjor Tarachand that the food scarcity is mainly man made by the greedy and incompetents in the SYSTEM.
3)Finally, it all depends on the will power of the coalition government or any other government for that matter. You can see supply and demand mismatch not only in food sector but in every field in India. Instead of making an honest effort to bridge the gap, it has been treated as an opportunity to make fast bucks. I think six decades are more than enough to fix this problem for a good administration. But we are still living with it.
Answered by Tony Fernandez, 10 Jul '10 05:36 pm

 
  
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5.

Yes.Simple equation of " Supply & Demand".
Answered by gkr, 10 Jul '10 04:22 pm

 
  
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Yes.The Food & agriculture ministry must ensure proper supply of all food items to all the public at a reasonable price in good quantity.In the regime..more

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