Business   

Supplyco move to counter blackmarketing

KOCHI: The Kerala State Civil Supplies Corporation Limited (Supplyco) has taken steps to counter attempts to exploit the price difference for commodities in its outlets and open market.

A press release issued by Supplyco here on Friday said it had come to the notice that as the price difference in the Supplyco outlets and the open market touched about 50 per cent, attempts were made to reap undue benefit from the situation with the connivance of some of its employees, the release said.

As a result, genuine consumers did not get the commodities, especially sugar and coriander.

To resolve the problem, Supplyco regulated the prices of certain commodities.

Besides, Supplyco had reduced the prices of some commodities by more than 26 per cent after September 2006.

The prices of only sugar, coriander and dhal were hiked after that, said the release.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Satyam to tap mid-sized companies in Nordic region
Union Bank forms mutual fund venture
Infrastructure growth declines to 3.9% in H1
Downturn: credit quality may be impacted
Global gloom casts shadow on tea units
Supplyco move to counter blackmarketing
Seafood exporter taps potential of U.S. market
‘Volatile market fit for life insurance investment’
Good show by Manappuram Finance
Bullion Rates

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu