Pointing to the overall decline in the inflation rate during his government against the UPA government, Prime Minister Narendra Modi has said that inflation rate of the country which rose under the time of the previous UPA government has decelerated a lot. Though Modi said that in order to tackle inflation further the states and Centre need to work together as it is a joint responsibility of the state and central governments.
Modi stated that as the country has gone through two consecutive years of severe drought, it had an adverse impact on prices of vegetables, food and pulses. Henceforth, in a way to avoid this the Centre has given rights to the states to make stringent laws. How much stocks to keep or not to keep are decisions which the states can take. All these rights have been given to the states. Some states have performed well, some states are trying.
Prime minister also pointed that due to the lower production in the country, the prices of pulses has been rising. The farmers who were earlier sowing pulses have started cultivating sugar cane which is also an area of concern. Government is taking steps to build stocks of pulses by importing from abroad and has given special incentives for pulses and has tried to set up a different MSP for pulses.