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Fix maximum profit-margin to plug corruption

Kashmir Times. Dated: 3/9/2018 12:29:17 AM

Dear Editor
Presently there is no limit of allowed total profit-margin on a commodity between Maximum-Retail-Price (MRP) and Ex-factory price of commodities allowing huge total trade-margins of even upto 200-percent or even more for various trade0-channels. For example, many commodities are available in wholesale markets at just one-third of printed MRP. Even economically priced generic medicines are amongst such commodities. Such big trade-margins are responsible for high level of corruption in purchases both in public and private sectors. Moreover victims are normal consumers especially in rural areas, which do not have access and knowledge of wholesale markets.
Department of Consumer Affairs (Government of India) should fix maximum total trade-margin for any commodity to bring down MRP of commodities in larger public-interest and also as a sincere effort to check corruption.
--Madhu Agrawal
1775 Kucha Lattushah
Dariba, Chandni Chowk
DELHI 110006 (India)