(a) whether major companies have excessively increased the prices of consumer items recently as per a news item published in Hindustan Times newspaper on 08/03/2021;
(b) if so, the reasons therefor;
(c) the names of the companies which have increased the prices; and
(d) the steps taken to check the said price rise?
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THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY
(SHRI SOM PARKASH)
(a): The news item published in Hindustan Times newspaper on 08/03/2021 is titled “Biz confidence at India Inc soars to 10 year high”. A copy of article is enclosed at Annexure. The article states that based on a business survey, domestic firms are optimistic about greater pricing power that would drive their profits over the next two quarters with better hiring prospects. The article says that Business Confidence Index is currently highest in a decade. There is no reference to increase of prices of consumer items in the news item.
(b) to (d): Do not arise.
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