Price Stabilisation Fund May Be Hiked by 80% in Budget

New Delhi: The government is likely to increase the allocation for the Price Stabilisation Fund (PSF) by 80 per cent to Rs 900 crore in the budget for 2016-17 in a bid to protect consumers from increase in prices of essential food items. The PSF, announced in the previous budget with a corpus of Rs 500 crore, was initially being handled by the Agriculture Ministry. It used funds to intervene in the market to boost supply of onion an...