Buyers and sellers at Laxmiganj wholesale grain market in Bhopal Madhya Pradesh on 24 April 2008 . Food prices , especially edible oils and pulses , are increasing as the Congress - led government united progressive alliance is unable to tackle the situation . The price crisis faced by this country is part of the price it has to pay for globalisation as India is no longer insulated from the world economy . Soaring global food prices have had their impact on the domestic market . The Reserve Bank of India has also stepped in to increase the cash reserve ratio ( CRR ) for banks , which is the amount that needs to be kept deposited with the central bank as a measure to cool down the economy . The UPA ( United Progressive Alliance ) coalition is trying to contain inflation , but rising prices are usually linked to systemic issues and it can take a while to resolve . EPA / SANJEEV GUPTA < 저작권자 ⓒ 2007 연 합 뉴 스 . 무단 전재 - 재 배포 금지 . >