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Rising prices and the implementation of Goods and Services Tax (GST) have posed challenges for the Indian economy.  In this blog post, we will discuss strategies that the government can consider to mitigate the impact and bring down prices for the benefit of the citizens. 1. Price control measures: Ensuring Affordability and Stability To tackle rising prices, the government can enforce price ceilings on essential commodities and regulate prices of basic necessities such as food items, healthcare services, and other essential goods. These measures aim to prevent excessive inflation and ensure affordability for consumers. For example, during periods of high inflation, the government has imposed price ceilings on commodities like pulses, onions, and edible oils to stabilize prices. 2. Subsidies and welfare programs: Alleviating the Burden on Low-Income Households Targeted subsidies and welfare programs can provide direct support to vulnerable populations and alleviate the burden of ri...