 bill no 33 of  2010 the price control bill, 2010 byshri arjun meghwal, mp a billto provide for the constitution of a commission for determining the prices of all consumer and industrial goods and for matters connected therewithbe it enacted by parliament in the sixty-first year of the republic of india as follows:—1 (1) this act may be called the price control act, 2010 (2) it extends to the whole of indiashort title, extent and commencement(3) it shall come into force on such date as the central government may, by notificationin the official gazette, appoint2 in this act, unless the context otherwise requires,—definitions(i) "commission" means the price commission constituted under section 3; and (ii) "prescribed" means prescribed by rules made under this actconstitution of the price commission3 the central government shall constitute a commission to be known as the price commission for determining the prices of all consumer and industrial goods, including life saving drugs and medicines, whether manufactured indigenously or imported4  (1) the commission shall consist of—(i) two members representing manufacturers of goods;composition of the commission5(ii) two members representing consumers; (iii) two members representing labourers; (iv) two members representing wholesalers and retailers of all consumer andindustrial goods;(v) two members representing farmers;10(vi) one member  each representing state governments, who shall be nominated by the respective state governments; and(vii) two members representing the central government15(2) the members of the commission, except the members representing the state governments, shall be nominated by the central government in such manner as may be prescribed(3) the central government shall appoint a member from amongst the members of the commission to act as its chairperson20(4) the chairperson and every member of the commission shall hold office for a term of two years from the date on which he assumes office(5) the salaries and allowances payable to, and the other terms and conditions of service, of the chairperson and members of the commission, shall be such as may be prescribed25(6) the central government shall make available to the commission such number of officers and employees as may be necessary for the efficient performance of its functions(7) the salaries and allowances payable to, and other terms and conditions of service of, the officers and employees of the commission shall be such as may be prescribedduty of the commission5 it shall be the duty of the commission to determine, from time to time, the prices of all consumer and industrial goods after taking into account such factors as it may deem necessary306 if any person sells any consumer or industrial goods at a price higher than the price determined by the commission, he shall be punished with imprisonment for a term which may extend to five years or with fine which may extend to one lakh rupees or with bothpunishment for selling goods at a price more than the price determined by the commission power to make rules7 (1) the central government may, by notification in the official gazette, make rules for carrying out the purposes of this act3540(2) every rule made under this act shall be laid, as soon as may be after it is made, before each house of parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both houses agree in making any modification in the rule or both the houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule statement  of  objects  and  reasonsthe prices of all essential consumer goods and medicines are continuously increasingthe producers of consumer and industrial goods fix the prices of such goods with huge profit motives, while wholesalers and retailers arbitrarily charge further increased prices from the consumers thus, at present, there is no effective mechanism to control the prices of essential consumer goods the central government has taken some limited measures to contain the prices of essential goods but they have not been successful the common people are suffering a lot due to steep hike in prices of all consumer goods and life saving drugs it is becoming very difficult for them to survive with their meager income due to price rise of all consumer goods moreover, the poor people are totally dependant on dispensaries and hospitals run by the government for necessary treatment and medicines there is no provision to make available life saving drugs to these people at cheaper ratestherefore, it is proposed to constitute a commission which shall determine the prices of all consumer and industrial goodshence this billnew delhi;arjun meghwalfebruary 11, 2010 financial  memorandumclause 3 of the bill provides for the constitution of a price commission for determining the prices of all consumer and industrial goods clause 4 provides for the payment of salaries and allowances to the chairperson and members and officers and employees of the commission the bill, therefore, if enacted, will involve expenditure from the consolidated fund of india it is estimated that an annual recurring expenditure of about rupees five crore will be involveda non-recurring expenditure of about rupees ten crore is also likely to be involved memorandum regarding delegated legislationclause 7 empowers the central government to make rules for carrying out the purposes of the bill as the rules will relate to matters of detail only, the delegation of legislative power is of a normal character lok  sabha————— a billto provide for the constitution of a commission for determining the prices of all consumer and industrial goods and for matters connected therewith—————(shri arjun meghwal,  mp)gmgipmrnd—1002ls(s5)—12-03-2010