The Telegraph
Thursday , June 12 , 2014
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Modi tips to rein in prices

New Delhi, June 11: Prime Minister Narendra Modi today said improving agriculture productivity through modern farm techniques and university-farmer collaboration held the key to check price rise.

Replying to the motion of thanks to the President’s address in the Lok Sabha, the Prime Minister said his government’s top priority was to provide every citizen with a house that had running water, electricity and toilet.

Retail inflation accelerated to a three-month high of 8.59 per cent in April, mainly because of the rising prices of vegetables, fruits and milk.

“We have promised to control inflation. We are determined to achieve this target,” he said.

In its election manifesto, the BJP had promised that it would rein in prices if it came to power.

The manifesto had listed many steps to contain inflation, including a price stabilisation fund, setting up of special courts to deal with hoarding and black marketing, unbundling of the Food Corporation of India and establishment of a national agriculture market.

Emphasising the importance of increasing farm productivity, Modi said there was a need to use modern technique in agriculture because farm land was shrinking with the rising population.

“There is a need to modernise farming practices. The faster we bring in technology, the better it will be for productivity because the number of people is increasing but the land is shrinking,” Modi said.

“We have to increase soil productivity. For this, we need to expand the research work in our universities. It has been so many years, there has been no research on pulses. Pulses (production) has become a challenge before us,” he added.

He also highlighted the need to use information technology in agriculture productivity and proper use of railways for the transportation of farm products to food deficit areas.