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The Union Cabinet will hold a meeting on price rise today.With spiralling inflation, the Centre had yesterday asked the states to crack down on hoarders while unveiling a series of measures to check prices of cereals, fruits and vegetables and slapping restrictions on potato and onion exports.Finance Minister Arun
Jaitley, who held a meeting today to decide steps to control food inflation, said the government was keeping a close watch on the price movements of 22 commodities and would offload additional rice stocks in the market to prevent a build-up in inflationary expectations.
Jaitley asked the states to amend their laws crack down on speculative hoarding in anticipation of a weak monsoon and boost the supply of fruits and vegetables in open markets.
Prime Minister Modi, who was elected last month amid widespread anger over rising prices, has made tackling inflation his top priority.
Jaitley, who held a meeting today to decide steps to control food inflation, said the government was keeping a close watch on the price movements of 22 commodities and would offload additional rice stocks in the market to prevent a build-up in inflationary expectations.
Jaitley asked the states to amend their laws crack down on speculative hoarding in anticipation of a weak monsoon and boost the supply of fruits and vegetables in open markets.
Prime Minister Modi, who was elected last month amid widespread anger over rising prices, has made tackling inflation his top priority.