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Price hike in Ramadan yet remains an old crisis

Published : Thursday, 9 May, 2019 at 12:00 AM  Count : 357

Price hike in Ramadan yet remains an old crisis

Price hike in Ramadan yet remains an old crisis

The people of the country have now come to accept that controlling price of essentials during Ramadan and Eid-Ul-Fitr has gone beyond control of our government. Had that not been the case we would have seen visible measures from the government to regulate prices of market commodities. While teachers of morality would say that there is a conspicuous lack in overall moral condition in society, the fact, however, is the government's repeated failure in the previous years.

This year also, no active step has been taken to bring to book the sinister syndicates responsible for artificially skyrocketing of commodity prices. Some days ago, the commerce ministry urged all the district administrations to take measures and that was all. Even before that the prime minister asked the businesspeople not to hike the prices. But her call went in vain like many times in the past.

The government sponsored 'truck sale' in the past also could not bring the desired result. Moreover, there were complaints from buyers that even in these trucks, the sellers took more money from the buyers than the price fixed. Still, one would get only some items such as chick peas, pulses, dates, sugar, rice, edible oil, etc. from 'truck sale'.

Nevertheless, fasting people need crucial protein sources such as meat, milk, fish and chicken to support their health in Ramadan. But price of these essential items remain too high.  There is no doubt that by increasing price of items, businesspeople earn more for the coming Eid festival, like service people, government or non government, who get bonuses for the festival. But they must realize that increasing price in an arbitrary way is not the right thing to do it. When the demand is huge but supply is adequate, the moral way is increasing their sales volumes, by this technique they can earn the extra buck for the festival. But unfortunately this is not the practice here in Bangladesh.

When the market does not function in accordance to ethical business practices, the government must compel businessmen and traders to act rightly, therefore busting the syndicates everywhere. But sadly, the government is precisely failing to do that every year. If politicians or influential people are behind these syndicates, they should all be given a heavy blow now, as currently the BIWTA is doing to reclaim the land of rivers in the capital. Only requesting or coaxing the businessmen will work, as it never worked in the past.

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