A bill to provide for the constitution of a Commission for determining the prices of all consumer and industrial goods and for matters connected therewith. BE it enacted by Parliament in the Sixty-first Year of the Republic of India.

Statement of Object

The prices of all essential consumer goods and medicines are continuously increasing. The producers of consumer and industrial goods fix the prices of such goods with huge profit motives, while wholesalers and retailers arbitrarily charge further increased prices from the consumers. Thus, at present, there is no effective mechanism to control the prices of essential consumer goods. The Central Government has taken some limited measures to contain the prices of essential goods but they have not been successful. The common people are suffering a lot due to steep hike in prices of all consumer goods and life saving drugs. It is becoming very difficult for them to survive with their meager income due to price rise of all consumer goods. Moreover, the poor people are totally dependant on dispensaries and hospitals run by the Government for necessary treatment and medicines. There is no provision to make available life saving drugs to these people at cheaper rates. Therefore, it is proposed to constitute a Commission which shall determine the prices of all consumer and industrial goods. Hence this Bill. ARJUN MEGHWAL NEW DELHI; February 11, 2010. FINANCIAL MEMORANDUM Clause 3 of the Bill provides for the constitution of a Price Commission for determining the prices of all consumer and industrial goods. Clause 4 provides for the payment of salaries and allowances to the Chairperson and Members and officers and employees of the Commission. The Bill, therefore, if enacted, will involve expenditure from the Consolidated Fund of India. It is estimated that an annual recurring expenditure of about rupees five crore will be involved. A non-recurring expenditure of about rupees ten crore is also likely to be involved. MEMORANDUM REGARDING DELEGATED LEGISLATION Clause 7 empowers the Central Government to make rules for carrying out the purposes of the Bill. As the rules will relate to matters of detail only, the delegation of legislative power is of a normal character.

Price Control Bill, 2010