State seeks Rs 50 crore to regulate prices

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Bhubaneswar, June 2: The state government Friday urged the Centre to contribute its share of `50 crore to ‘Price Stabilisation Fund (PSF)’ at the earliest in order to regulate the market price of kitchen essentials.
State Food Minister Surya Narayan Patro, in a letter to Union Minister of Food & Public Distribution, Consumer Affairs Ram Vilas Paswan, said the Centre must bear 50 per cent of the corpus fund created to help Orissa government regulate the market price of essential eatables in the state.
“The PSF has been created to procure potato, onion and pulses from the farmers of the state so that it will provide a leverage to government for market intervention operations to stabilize the market prices of these essential commodities,” Patro said.
He said the price stabilization fund is the requirement of the state to procure potato, onion and pulses which has been worked out to `100crore of which `50crore is for procurement of potato and the remaining balance `50crore for onion and pulses.
As per the PSF management committee’s decision, the share of the state and Centre towards this corpus fund is 50 per cent i.e `50 crore each.
The minister said while the state’s share is available under this plan, the grant from the Centre for this purpose is still awaited.
“Centre should release its share of `50 crore in favour of the fund early as the procurement of operation of pulses has already been stated by the state cooperation department. PNN