The Indian government has introduced a new measure to ensure the country’s food prices are fair to all consumers.
The new measure, dubbed ‘Panchayati Raj,’ aims to address the problems of “inadequate pricing,” which the government says is a major concern of its citizens.
The measure aims to reduce the “purchasing power gap” between the rich and poor in the country, the government said in a statement.
The government also hopes to make it easier for companies to offer lower prices.
The bill, known as the ‘Pancakes for Panchayat,’ will be implemented by November 2019.
The Panchai Raj measure will include a ‘pricing equity’ option that would allow consumers to choose their preferred food and drink brands based on their purchasing power, with a minimum amount of money needed for a meal to be included in their budget.
The scheme is part of a larger government initiative to address issues such as rising food prices and the cost of living.
The Bharatiya Janata Party (BJP) government, which came to power in 2014, has pledged to ease the pressure on poor and underprivileged people.
“Panchaya raj is aimed at making life easier for the poor and vulnerable people, who often live on very little and are often in a difficult position.
It is part and parcel of our overall effort to improve the lives of all,” Minister of State for Social Justice, Poverty and Empowerment Rajeev Shukla, said in the statement.
According to the government, the measure will help the poor to make more money.
“The new policy will also make it easy for businesses to offer cheaper meals.
As consumers, we should be the ones deciding what is fair for us,” Shuklai said.
The BJP government also promised to address other issues, such as “poverty traps,” which it said is a problem faced by a large number of its own citizens.
“We will do everything in our power to reduce poverty traps and to increase the welfare of the people, especially those who are the most vulnerable,” the government stated.
According, the Panchaya Raj measure aims at reducing the “price gap” and will provide the government with “more information to help it decide what is a fair price.”