Price Commission


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Price Commission

n
(Historical Terms) (in Britain) a commission established by the government in 1973 with authority to control prices as a measure against inflation. It was abolished in 1980
References in periodicals archive ?
Minister Foulkes has responsibility for the Department of Labour, the Consumer Protection Commission, the Price Commission, the Bahamas Bureau of Standards and Quality and the National Training Agency.
On the other hand, the government is considering establishing a federal agriculture price commission with the objective of providing adequate support price to farmers against rising cost of inputs.
ISLAMABAD -- The Senate Standing Committee on National Food Security and Research Wednesday recommended to work out for setting up a new Federal Agriculture Price Commission through an Act to ensure proper support price for farmers.
The Price Commission have said 'yes' to an increase of at least 14 per cent on the price of bread, an essential foodstuff for families.
Lashing out at the Congress government for its lack of vision in framing policy to tackle the spiralling cost of onions and other food items, Vardhan said a food price commission will be constituted in Delhi, if the BJP wins the polls.
Housewives jammed the four telephone lines into the Price Commission in Newcastle, rapping traders for boosting prices.
The Price Commission, which supposedly protected the consumer by setting ceiling prices on essential goods, may have been scrapped but its practices are still resorted to, when possible, by government policy-makers.
He informed that the issue of bonus would be decided by the Agriculture Price Commission, which falls under the Union Ministry of Agriculture.
First, airlines started cutting back--and eventually eliminated--the ticket price commission that travel agents received.
Giving details about the procedure for price fixation, he said, the federal government constitute a formal committee headed by Agriculture Price Commission and two separate sub-committees for Punjab and NWFP.
Godwills Masimirembwa, head of the price commission, said inspectors were ensuring businesses were sticking to prices approved by the commission on or before September 26.
The writer is former Advisor to the Chief Executive of Pakistan on Food and Agriculture; and Founder Chairman, Agriculture Price Commission (APCom).