The CPI-M offers its prescription for the rising cost of commodities in India:
- Strengthen the Public Distribution System by universalizing it; restore the cut in food grain allocations to the states under the PDS; include 15 essential commodities including pulses, edible oil, and sugar in the PDS.
- Put curbs on procurement of foodgrains from farmers by private companies and traders.
- Ban futures trading in 25 agricultural commodities as proposed by the Parliamentary Standing Committee on Food, Consumer Affairs and Public Distribution.
- Cut customs and excise duties on oil and reduce retail prices of petrol and diesel.
- Take stringent action against hoarding of essential commodities; strengthen the provisions of the Essential Commodities Act to empower state governments to deal with hoarding and black-marketing.
- The present requirement of declaration of stocks of foodgrains of 50,000 tonnes and above held in godowns and warehouses should be lowered to 10,000 tonnes.