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National competition policy will lower prices: Minister

By The Assam Tribune

Mumbai, Feb 23 (IANS): A National Competition Policy will be ready by March 31 with several positive benefits for the country's economy, including lowering of food prices, says Corporate Affairs Minister Veerappa Moily.

"It has lots of benefits, because all the monopolies and anti-competitive forces will have to be dismantled," Moily said here on Wednesday, after a Corporate & Investor Meet.

He said monetary policy alone would not be able to rein in inflation. "The National Competition Policy, by targeting cartelization, will go a long way in moderating prices, especially the food prices," Moily said, referring to the US, where such a policy had resulted a cut of petroleum products prices.

"The forthcoming National Competition Policy is an instrument capable of triggering second-generation of economic reforms," Moily said.

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National competition policy will lower prices: Minister

Mumbai, Feb 23 (IANS): A National Competition Policy will be ready by March 31 with several positive benefits for the country's economy, including lowering of food prices, says Corporate Affairs Minister Veerappa Moily.

"It has lots of benefits, because all the monopolies and anti-competitive forces will have to be dismantled," Moily said here on Wednesday, after a Corporate & Investor Meet.

He said monetary policy alone would not be able to rein in inflation. "The National Competition Policy, by targeting cartelization, will go a long way in moderating prices, especially the food prices," Moily said, referring to the US, where such a policy had resulted a cut of petroleum products prices.

"The forthcoming National Competition Policy is an instrument capable of triggering second-generation of economic reforms," Moily said.