Arun Jaitley: States should take action to crack down black-marketeering to rein in prices

Blaming hoarders for the rise in food inflation, finance minister Arun Jaitley on Friday said there is "no panic situation" and asked the states to take measures to crack down on hoarding and black-marketeering to rein in prices."When production of food items is higher than last year and still prices rise, then it means that intermediaries are keeping the stock somewhere," Jaitley said at a conference on food inflation.



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