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Market monitoring underway to keep essential commodity prices within purchasing power

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Market monitoring underway to keep essential commodity prices within purchasing power
The government has taken various measures, including market monitoring and reducing import duties and taxes, to keep the prices of daily necessities including rice, pulses, sugar, onions and edible oil within the purchasing power of ordinary people. Commerce Minister Khandaker Abdul Muktadir said this in a written reply to a question from Masum Mostafa, Member of Parliament for Netrakona-5, in the Jatiya Sangsad session on Sunday.

The minister said regular market monitoring and special inspection drives are being carried out to control market prices of essential commodities and keep the supply situation normal. Market supply is being kept normal and action is being taken against dishonest traders. Initiatives have been taken to simplify the import process as well as reduce import duties and taxes as needed to ensure adequate supply of goods. In addition, the production, import, stock and supply situation of goods is being monitored regularly.

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Considering the purchasing power of low-income people, essential commodities are being sold at subsidized prices through TCB; alongside, under TCB's dealership program, the sale of goods at affordable prices to poor and low-income people continues. The minister also said fines and legal action are being taken against dishonest traders to prevent overcharging, illegal stockpiling and market manipulation.

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